consistent with the official monetary policy. Second, we seek to shed light on the inflation process of these countries. To this … end, we carry out an estimation of an open economy Philips curve (PC). Our main finding is that inflation rates were not … monetary arrangements for price stability. The analysis of the conditional inflation variance obtained from GARCH estimation of …

and as an inflation indicator. It is shown that the index can be misleading in both cases. The MCI is ineffective in … be misleading in the case of a supply shock. As an inflation indicator the index is also subject to some drawbacks in the …

economies, we find that the main driver of consumer price inflation is the global demand shock. A negative global demand shock …

for future inflation for the cross section of New EU Member States. This paper provides stylized facts on monetary versus … non-monetary (economic and fiscal) determinants of inflation in these countries as well as formal econometric evidence on … predicting inflation at longer (3-year) horizons. -- Inflation forecasting ; leading indicators ; monetary policy ; information …

The Bank of Canada needs a better inflation indicator that is more sensitive to swings in house prices than the … recent years. He proposes a new official inflation indicator for monetary policy purposes that would better reflect the … indicator that inflation is under control - to keep rates too low for too long …

This country note discusses measures of inflation used in monetary policy formulation in Singapore, and assesses the … relative influence of global and regional factors in determining domestic inflation dynamics. It is found that the regional … inflation expectations have continue d to play significant roles. Indeed, the central bank's gauge of inflation expectations …

The Bank of Canada should track inflation using a measure that better accounts for changes in resale housing prices …, according to a new C.D. Howe Institute report. In “Improving on the CPI: A Proposal for a Better Inflation Indicator,” authors …

Measures of core inflation are designed to abstract the underlying trend in inflation from the headline measure of … inflation and it is considered as the component of price change related to monetary phenomena. In that regard, core inflation … can be considered as an important indicator of the inflation trends, which is useful for the conduct of monetary policy …

Much of the US inflation forecasting literature deals with examining the ability of macroeconomic indicators to predict … the mean of future inflation, and the overwhelming evidence suggests that the macroeconomic indicators provide little or … no predictability. In this paper, we expand the scope of inflation predictability and explore whether macroeconomic …