contribution of fluctuations in inflation to this particular link. In the data, a temporary rise in inflation causes real commodity … prices to rise, as does a rise in trend inflation. We find that a simple dynamic equilibrium model of commodity supply and … demand gives a realistic response of real commodity prices to inflation. Based on historical simulations, shocks to inflation …

domestic currency, increases interest rates, effectively controls inflation rates and reduces output. They do not find any …

In this study, we analyze the relationship between inflation and economic growth. To this end, we construct a model of … endogenous growth with creative destruction, incorporating sticky prices due to menu costs. Inflation and deflation reduce the … maximize the rate of economic growth by setting their target inflation rate at the negative of a fundamental growth rate that …

financial indicators) that differ in the relative weight they put on output and inflation gaps. The other three are financial … is output aggressive instead of inflation aggressive and, second, because the financial rule with Tobin's q outperforms … the traditional inflation-aggressive one under all dimensions and cases. However, the authors cannot draw a univocal …

This paper evaluates inflation forecasts made by Norges Bank which is recognized as a successful forecast targeting … central bank. It is reasonable to expect that Norges Bank produces inflation forecasts that are on average better than other … margin. An explanation in terms of too high speed of adjustment to the inflation target is supported by the evidence. Norges …

This paper discusses estimation of US inflation volatility using time varying parameter models, in particular whether … it should be modelled as a stationary or random walk stochastic process. Specifying inflation volatility as an unbounded …