consistent with the official monetary policy. Second, we seek to shed light on the inflation process of these countries. To this … end, we carry out an estimation of an open economy Philips curve (PC). Our main finding is that inflation rates were not … monetary arrangements for price stability. The analysis of the conditional inflation variance obtained from GARCH estimation of …

A monetary policy framework based on targeting a relative inflation-forecast is proposed for the economies converging … inflation-forecasts. Hence, these differentials become a basis for setting an operational policy target. The proposed framework … can be viewed as an extension of flexible inflation targeting that prioritizes low and stable inflation over the exchange …

This study examines the impact of various monetary policy regimes on the ability to lower inflation and exchange rate … policy framework of flexible targeting of relative inflation risk premium that is believed to be credible and useful for … managing these two categories of risk. A model of inflation and exchange rate risk premiums within the context of inflation …

Both stabilized inflation and ruble exchange rate allowed the Bank of Russia Board of Directors to further cut the key … downside risks amid lower risks of inflation. Consumer prices in June 2015 increased 0.2% (0.6% in June 2014), a decrease of 0 ….2 p.p. compared to May 2015. As a result, inflation in June 2015 was 15.3% compared to June 2014. The Consumer Price Index …

Further stabilization of inflation and the ruble exchange rate allowed the Bank of Russia Board of Directors to further … still facing serious risks of a downturn amid weakening inflation risks. The Bank of Russia announced on 14 May that it will …, inflation in May 2015 stood at 15.8% compared to May 2014. The Consumer Price Index increased 0.2% in the first 22 days of June …

for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of … inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated … the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and …

allow money-demand shocks to generate volatility in output and inflation, much as was the case under the money …