unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years …

the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force …

Inflation rates rose sharply in the Philippines during 2018. Understanding the demand and supply sources of inflation … pressures is key to monetary policy response. Qualitatively, indicators have pointed to evidence of inflation pressures from …-structural model to decompose the contributions of various shocks to inflation. Our main findings are (1) supply factors (mainly global …

between monetary autonomy and inflation dynamics in a panel of Caribbean countries over the period 1980-2017. The empirical … results show that monetary independence is a significant factor in determining inflation, even after controlling for … monetary policy for domestic purposes independent of external monetary influences, leads to lower consumer price inflation …

currency by keeping inflation low and steady. This paper provides evidence that monetary policy tightening aimed at maintaining … low and stable inflation could at the same time reduce consumption inequality over a 12-18 month horizon, commonly … government transfers, thus smaller reliance on labor income, and relatively larger food consumption, these individuals appear to …

The paper develops robust measures of core inflation for Vietnam that can be used in policy making. These core … inflation measures (CIMs) are based on an analytical evaluation of the inflation process in Vietnam, and use a filtering … better. Among TMMs, 'one trim does not fit all periods'; periods of high and variable inflation require larger trims, and …

inflation targeting regime in the transmission from exchange rate movements to prices. We perform a set of robustness checks …

Belarusian authorities contemplate transiting to inflation targeting. The paper suggests a small structural model at …