inflation and posed a price puzzle insofar their evolution was not responsive to record low interest rates, double digit … commodities inflation, and sharp exchange rate depreciation. Commodities prices were shown to be driven by one common trend … accelerating commodities price inflation, subsequent world recession, and financial disorder; or tighten monetary policy with …

foreign factors are important determinants of inflation in Uganda …

A reliable inflation-forecasting model is central for a sound monetary policy framework. In this paper, we study the … domestic and international transmission effects on inflation in Indonesia and analyze the possible leading indicators of … inflation. We identify the exchange rate, foreign inflation, and monetary growth as the main variables with a significant …

This paper examines determinants of inflation in Ukraine during 1993-2002 in a cointegrating framework. Two basic …-2002 data, pointing inter alia to a greater role of administered prices in the CPI within a fairly mainstream inflation process … enters short-term inflation determinants. Prudent macroeconomic policies, grain harvests, and administrative decisions …

This paper explores the relationship between the constitutional entrenchment of central bank independence and inflation … by the ""de jure"" independence established in the central bank law, and inflation. We argue that the constitution is … constitution have a better inflation performance …

In the last two years the real has undergone a large depreciation and the central bank has missed its inflation target … in 2002 for the second year in a row. Inflation, however, has increased much less than the rate of currency depreciation … and the pickup in inflation in the last quarter of 2002 raises the question of whether the exchange rate passthrough has …

The paper explains the behavior of inflation in Georgia in the post-stabilization period. A long-run equation linking … prices to money and the exchange rate, as well as a short-run, dynamic equation for inflation are estimated. The inflation … equation is stable, points to a dominant role of the exchange rate in the behavior of inflation and shows a low persistence of …

Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in … incorporates two key features of the theory. Unlike previous studies, we model inflation as nonlinearly related to fiscal deficits … through the inflation tax base and estimate this relationship as intrinsically dynamic, using panel techniques that explicitly …

non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter …

weaker. Statistical relationships break down of the outset of high inflation …