resilient to external shocks. Enhancing the credibility of the inflation target would provide the monetary authorities with more …. Améliorer la crédibilité de l’objectif d’inflation donnerait aux autorités monétaires plus de latitude pour réagir aux chocs …

more weight on alternative indicators of inflation pressure such as wage settlements, trends in unit labour costs and a … wide range of indicators of inflation expectations. The recent fall in margins observed in some countries may, for instance … States, the large unemployment gap could also keep wage inflation under pressure despite a flattening Phillips curve. These …

foundation for economic growth. As a result, GDP growth has been strong and stable, inflation has fallen, and the public debt …, and the recent increase in inflation and rising levels of private sector external debt draw attention to Turkey … forte et stable, l'inflation a décru et le fardeau de la dette publique a été nettement allégé. Cependant, le déficit de la …

Israel’s monetary policy framework is broadly sound. Inflation targeting was introduced in the early 1990s, and low … single-digit inflation was established by the end of the decade. However, fast transmission from the exchange rate to … inflation means the operational challenges differ somewhat from those in many OECD countries. Also, the Bank of Israel has been …

interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour … of economic slack and its impact on inflation, crisis-related hit to potential output and neutral interest rates. However … et d’une inflation faible, conjugués à une croissance durablement atone qui affaiblit la croissance potentielle via des …

reduce inflation and limit the real appreciation of the rouble. Given the strength of Russia’s balance of payments during the … interventions which were only partially sterilised. As a result, inflation remained persistently high. During the global financial … greater exchange rate flexibility should be permitted since (i) commodity exporting countries can successfully run inflation …

To help policymakers form a judgment on inflation risks and the required monetary policy stance the OECD has developed … Outlook to explain recent developments in core inflation, excluding food and energy, based on developments in measures of … economic slack (the output gap), spill-over effects from energy prices onto core inflation and lagged responses to past …

Average inflation in Sweden has been one of the lowest among European countries since the mid- 1990s. Three supply ….oecd.org/eco/surveys/sweden).<P>Pourquoi l'inflation suédoise est-elle restée obstinément faible ?<BR>Depuis le milieu des années 90, la Suède affiche un des … taux moyens d'inflation les plus faibles d'Europe. Ce phénomène s'explique en partie par trois facteurs relevant de l …

In recent years, inflation in the euro area has failed to decelerate decisively while cyclical slack built up in the … analysis conducted on two decades of quarterly data covering 17 countries yields a yes on both counts. First, inflation is … de l'inflation dans la zone euro<BR>Au cours des dernières années, l’inflation ne s’est pas ralentie de manière sensible …