the European Central Bank (ECB) on the inflation rate and GDP growth rate within the euro area, motivated by the … study revealed significant impacts of UMPTs, particularly in combination with interest rates, on inflation rates. However … of UMPTs in influencing inflation rates, aiding in informed decision-making in monetary policy formulation and …

adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union … credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These … countries supports country-specific flexible inflation targeting …

volume, an early exit, and a faster exit from the program on output and inflation in the euro area. Model simulations showed … that economic growth and inflation rates would decrease in all three scenarios. However, the effects of the scenario with … particular, an early exit from the program should significantly affect inflation rates, an effect that the European Central Bank …

Most macroeconomic models for monetary policy analysis are approximated around a zero-inflation steady state, but most … central banks target inflation at a rate of about 2 percent. Many economists have recently proposed even higher inflation … importance of appropriately accounting for a low, positive trend inflation rate for the conduct of monetary policy. We first …

We analyse the evolution of inflation in Chile over the last decade and a half through the lenses of the new keynesian … gap, inflation expectations, indexation to past inflation and the exchange rate. Based on the evidence gathered, we … provide an interpretation of the inflation process in Chile. We show that in general terms the evolution of inflation can be …

In this study, the analysis was that the capacity of creating inflation depends on oil prices as the one of energy … countries because it is acquired from the limited sources around the world. It causes inflation of importing countries to … exporting countries through oil prices. At the same time, the rises of oil prices causes inflation because it increases the …

cycle frequencies the correlation between inflation and money growth changed markedly, turning from positive to negative …