Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often …

Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …

Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often …

.g. food prices for low-wage workers). Based on the conflicting-claims inflation literature, we propose a new extension to this …Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By … increasing prices in domestic currency that are linked to foreign prices, they increase the profit share in some sectors and …

rate both matter for determining inflation and economic activity. …

The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …

This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … evidence to show that the support for a successful Inflation Targeting policy is very weak or non-existent. We use various … the process by which inflation targeting is hypothesised to influence inflation and growth, Section 3 surveys this …

estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … and services. We combine the Harmonized Index of Consumer Prices with indices for asset prices, such as stocks and real … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed … economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded … target levels. We find that the cause of accelerating inflation was an imbalance between aggregate demand, which started to …