This paper estimates a small open economy model for Egypt to analyze inflation, output dynamics and monetary policy … markets and a gradual move towards inflation targeting can help support a successful disinflation strategy for Egypt …

Cross-Country Report on Inflation: Selected Issues …

Inflation persistence is sometimes defined as the tendency for price shocks to push the inflation rate away from its … steady state—including an inflation target—for a prolonged period. Persistence is important because it affects the output … costs of lowering inflation back to the target, often described as the “sacrifice ratio”. In this paper I use inflation …

inflation over the business cycle in a sample of fifteen Caribbean countries. In most countries, the evidence indicates the … that are exacerbated by pro-cyclical policy stance, tends to create an upward bias on inflation and a downward bias on real …

We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature …, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation … coding of inflation reports to describe inflation factors communicated by central banks in real time. Regarding the latter …

This paper examines the determinants of inflation in Sierra Leone using a structural vector autoregression (VAR …) approach to help forecast inflation for operational purposes. Despite data limitations, the paper accurately models inflation … in Sierra Leone. As economic theory predicts, domestic inflation is found to increase with higher oil prices, higher …

inflation in Sri Lanka. The analysis is based on a vector autoregression (VAR) model that incorporates a distribution chain of … pricing. The paper finds low and incomplete pass-through of external shocks to consumer inflation, reflecting a combination of … factors including the existence of administered prices, high content of food in the consumption basket, and low persistence …

Adequate modeling of the seasonal structure of consumer prices is essential for inflation forecasting. This paper … suggests a new econometric approach for jointly determining inflation forecasts and monetary policy stances, particularly where … money growth and implied exchange rate paths along with a jointly determined inflation forecast. The approach uses two broad …

Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation …: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market … economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the …

developed to hedge the effects of inflation, their limited supply and liquidity lead many investors to continue to rely on the … level of real returns consistent with their investment objectives. While inflation-linked bonds and derivatives have been … returns following inflation surprises …