Showing 1 - 10 of 36
Inflation dynamics have been difficult to explain over the last decade. This paper explores if a more comprehensive treatment of globalization can help. CPI inflation has become more synchronized around the world since the 2008 crisis, but core and wage inflation have become less synchronized....
Persistent link: https://www.econbiz.de/10012225141
Persistent link: https://www.econbiz.de/10012305617
This paper examines the behavior of quarterly inflation in India since 1994, both headline inflation and core inflation as measured by the weighted median of price changes across industries. We explain core inflation with a Phillips curve in which the inflation rate depends on a slow-moving...
Persistent link: https://www.econbiz.de/10013233761
Persistent link: https://www.econbiz.de/10011607712
Persistent link: https://www.econbiz.de/10011558883
This paper examines the behavior of quarterly inflation in India since 1994, both headline inflation and core inflation as measured by the weighted median of price changes across industries. We explain core inflation with a Phillips curve in which the inflation rate depends on a slow-moving...
Persistent link: https://www.econbiz.de/10012455732
This paper uses a ‘trendy' approach to understand UK inflation dynamics. It focuses on the time series to isolate a low-frequency and slow-moving component of inflation (the trend) from deviations around this trend. We find that this slow-moving trend explains a substantial share of UK...
Persistent link: https://www.econbiz.de/10012953780
Understanding and forecasting inflation has always been a key focus of macroeconomics and monetary policymaking. Historically, many macroeconomists and central banks have relied on the “Phillips curve� framework for this purpose. Recently, however, the Phillips curve framework has...
Persistent link: https://www.econbiz.de/10012894895
Persistent link: https://www.econbiz.de/10015211666
A major challenge for monetary policy has been predicting how exchange rate movements will impact inflation. We propose a new focus: incorporating the underlying shocks that cause exchange rate fluctuations when evaluating how these fluctuations "pass through" into import and consumer prices. We...
Persistent link: https://www.econbiz.de/10011384119