Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a … standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …

There is considerable evidence from industrial countries that the output gap is an important determinant of inflation … inflation is related to the output gap, as well as to the money supply and the terms of trade. We conclude that the gap model …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more … intermediate inputs for economies in the Asia-Pacific region and examine the impact on domestic producer prices of changes in costs … price dynamics in the Asia-Pacific region. …

the three policy choices matter for output volatility and the medium-term level of inflation. Greater monetary … domestic product). Greater monetary autonomy is associated with a higher level of inflation while greater exchange rate … stability and greater financial openness could lower the inflation level. We find that trilemma policy configurations and …

-term level of inflation. Greater monetary independence is associated with lower output volatility while greater exchange rate … inflation while greater exchange rate stability and greater financial openness could lower the inflation level. We find that …

choices matter for output volatility and the medium-term level of inflation. Greater monetary independence is associated with … associated with a higher level of inflation while greater exchange rate stability and greater financial openness could lower the … inflation rate. We find that trilemma policy configurations affect output volatility through the investment or trade channel …

, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from … interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà's (2005 … output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more … intermediate inputs for economies in the Asia-Pacific region and examine the impact on domestic producer prices of changes in costs … price dynamics in the Asia-Pacific region …