In this paper, we examine the extent to which monetary policy should respond to movements in sectoral inflation rates … for different responses to inflation in different sectors outperforms a rule which just targets aggregate CPI, as does a … rule that responds only to non food and energy inflation. However, we find that the optimal sectoral rule only leads to a …

for the persistence and volatility of "reset price inflation." Reset price inflation is the rate of change of all desired … construct an empirical measure of reset price inflation. We find that time-dependent models imply unrealistically high … persistence and stability of reset price inflation. This discrepancy is exacerbated by adding strategic complementarities, even …

Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate … that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …

We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for …-relevant exercises. First, we filter international and Kenyan data (on output, inflation and its components, exchange rates and interest … inflation. Third, we perform an out-of-sample forecast to identify where the economy—and therefore policy—was likely headed …

We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for …-relevant exercises. First, we filter international and Kenyan data (on output, inflation and its components, exchange rates and interest … inflation. Third, we perform an out-of-sample forecast to identify where the economy — and therefore policy — was likely headed …

Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate … that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …

days had formed the new governments. It is generally agreed that a moderate inflation is acceptable. Generally, monetary … and fiscal economists opine that an acceptable moderate rate of inflation is desirable as it prevents stagnation, provide … that 3 % inflation in India is ·acceptable, while Chakravarty. S Committee (1985) finds that an increase in price of not …