, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …

The paper provides an empirical analysis of inflation persistence in an inflation targeting country, the Czech Republic …, display smaller inflation persistence than durables and processed goods. Inflation seems to be somewhat less persistent after … the adoption of inflation targeting in 1998. There is also evidence for aggregation bias, that is, aggregate inflation is …

rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%–430%. Surprisingly, we … price adjustments even in a period of a runaway inflation, when 85 percent of the prices change every month …

Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and … soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …

Inflation has started to increase, and the return of inflation comes at a time in which economies begin to recover from … pandemic-induced and lockdown-induced recessions. This raises questions about how much and how long inflation will go up as … well as about whether central banks have to step-up against inflation at the cost of slowing down the economic recovery …

The COVID-19 pandemic altered consumption patterns significantly in a short period of time. However, official inflation … Germany, we document how consumption patterns changed and we quantify the resulting inflation bias. We find that consumers … experienced a higher level of inflation at the beginning of the pandemic than what a fixed-weight inflation (or the official …

The Covid-19 pandemic, aggravated by the Russia-Ukraine war, unleashed the worst inflation in four decades in the … inflation surge. It argues that too little attention was given to the need to finance pandemic relief through higher taxes, and … increased fiscal deficit causes increased inflation proportionate to the resulting rise in demand relative to GDP. Calculations …

interpretation of official inflation data, which are calculated by the Central Bureau of Statistics (CBS) based on a fixed basket of … during the COVID-19 period. We use this synthetic COVID-19 basket to calculate the adjusted inflation rate that should … prevail during the pandemic period. We find that the differences between COVID-19-adjusted and CBS (unadjusted) inflation …