potential impact on inflation has been studied less. We use the IMF’s Global Integrated Fiscal and Monetary Model (GIMF) and … advanced countries as well, but we find that deflation risk from aging is not inevitable as ambitious structural reforms and an …

inflation data. Design/methodology/approach – The conventional approach for assessing the degree of persistence within an … inflation process is via its integration properties. This study makes use of univariate threshold autoregressive (TAR) models … and associated unit root testing procedures to investigate the integration properties of the inflation data. Out …

, larger price deflation, relative to inflation, moderates output contraction, relative to expansion in the face of government … output growth, price inflation, wage inflation, and real wage growth vary with respect to anticipated and unanticipated … factor in differentiating the expansionary and contractionary effects of fiscal and monetary shocks. Higher price inflation …

frontiers of Inflation-Forecast Targeting. It then focuses on the CNB’s recent experience in adding the exchange rate as a … complementary monetary policy tool to stimulate the economy and combat the risks of deflation when the policy interest rate is at … announcing the new framework, and the effects thus far on inflation and output. …

impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in … Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After …

yen. Inflation expectations have started to increase, and actual inflation recorded positive growth in June. The near …