Artículo de revista ; This article analyses agents’ perception of the period of low inflation in recent years, in the … allows a distinction to be drawn between which portion of the low inflation phenomenon might be due to temporary factors and … inflation rate’s recent departure from the monetary policy objective to be predominantly temporary, although these deviations …

medio-largo plazo ; We empirically explore the influence of inflation on fiscal variables in the short, medium and long run … influence of inflation on changes in public debt ; (ii) accounting decompositions of nominal revenue and expenditure items into …

resolver este problema ; In this paper we look at global inflation trends over the last decade and try to disentangle factors … that could explain the ultra-low levels of inflation during the recovery from the Great Recession. We review the literature … inflation’s reduced cyclical sensitivity to domestic economic slack, a bigger role being played by forward-looking inflation …

household debt restructuring and defaults ; in the United Kingdom inflation has dominated, eroding the value of debt ; and in …

models used by the Banco de España to monitor consumer price inflation and forecast its future trends. The strategy followed … models that allow for a slowly evolving local mean when forecasting inflation …

-heterogeneity on the response of aggregate inflation to exogenous shocks. We build up an otherwise standard DSGE model in which the … market we reproduce the main features of the distribution of firms in Spain. We then compare the inflation response to … predominate tend to deliver more muted inflation responses to exogenous shocks …

inflation. Under discretion, an inflationary bias arises from the central bank’s attempt to redistribute wealth towards debtor … by the incentive to prevent expectations of future inflation from being priced into new bond issuances ; under certain … conditions, long run inflation is zero as both effects cancel out asymptotically. For a plausible calibration, we find that the …

inflation interdependence. We analyze inflation comovements across a wide set of advanced economies and across the subset of … euro area countries. Some of our findings are expected, such as the fact that inflation interdependence among advanced … policy, or the fact that inflation synchronization among countries is highest for energy prices, reflecting common oil shocks …

Artículo de revista ; The effect of the euro exchange rate on inflation has taken on significant importance recently …, compatible with a pick-up in expected euro area inflation. However, the subsequent depreciation, since February 2018, might … exchange rate movements to overall consumer-price inflation in the Spanish economy has increased slightly in recent years …