to their increase, an unanticipated hike in policy rate has no impact on them. The impact on inflation is also symmetric … neutral to components of aggregate demand and, thus, on inflation, ranging from 6.25 per cent to 7.0 per cent. …

Economic theory provides clear suggestions in fixed versus flexible exchange rates dilemma in fighting high inflation … large floaters. Successful anti-inflationary policy associated with stabilization of inflation expectations in the European … inflation environment, gradually enhanced the role of real interest rates expectations in the process of nominal interest rates …

higher inflation is an important factor for the rise in pass-through. …

data from 1996-97Q1 to 2011-12Q4. It finds that both the shocks impact real output growth and inflation in the short …. An unanticipated hike/reduction in policy rate leads to a symmetric decline/rise in inflation. An unanticipated change in … money supply leads to higher inflation, but a similar decrease in it has no significant impact on inflation. …

. Development of inflation in the domestic economy is significantly determined by the ability of exchange rate to transmit external … transmission of the external inflation pressures to the national economy in the Czech republic, Hungary, Poland and the Slovak …

level, as has been experienced by India in the past, there could be medium-term implications for the future inflation path …, which must be recognised while designing the timing and speed of fiscal exit. Inflation, at times, may become effectively a … this paper, fiscal deficit could be seen to influence the inflation process either through growth of base money created by …

Market interest rates are usually determined not only by the inflation related determinants but also by the forces that … so that it should not be clear the nominal interest rates fluctuations are given by the changes in inflation expectations … interest rates fluctuations in the Visegrad countries in order to identify the impact of the inflation expectations and …