The U.S. inflation rate for the period 2008-2016 was abnormally low despite the execution of a high expansive monetary … policy, which has been called “the missing inflation paradox”. In this paper we estimate the missing inflation as the … difference between the inflation predicted, and the observed rate using two monetarist models. The results support the adequacy …

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 …

This paper investigates two stages of transmission through which inflation stabilization policy affects headline … inflation by estimating a threshold cointegration model. The paper finds that asymmetric monetary shocks passing-through food … headline inflation by means of stimulating food supply could unavoidably inflate food prices more than it could deflate it …

particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …

for forecasting US inflation in the early to mid 2000s. We explore a wide range of different definitions of money … kernel regression technique is a finite memory predictor. The two methodologies compete to find the best fitting US inflation … forecasting inflation. Beyond its economic findings, our study is in the tradition of physicists' long-standing interest in the …

With rising inflation top-of-mind for Canadians, a major question is: Can we predict its future? This Commentary shows … that growth in the money supply is a useful predictor of inflation, and examines why and when.Since the early 1990s, the … Bank of Canada has pursued a successful inflation-targeting strategy. With inflation, and inflation expectations, safely …

interventions on the inflation target policy in Uganda, with the aim of including a target in the framework. By including exchange … costly in terms of the depression (below potential output) that is foregone by targeting inflation alone. In the most recent … SVAR approach reveals that exchange rates did not have significant effect on changes in both inflation and output in the …

Australia's inflation rate and inflation uncertainty during the post-float era 1983Q3–2006Q4 have acted as important … barometers of Australia's macroeconomic performance. The conceptualization and measurement of the nexus between inflation and … inflation uncertainty is subject to complex dynamics. We use the Markov regime switching heteroscedasticity (MRSH) model to …

We analyze the impact of price stability-oriented monetary strategies (inflation targeting — IT — and constraining … exchange rate arrangements) on inflation persistence using a time-varying coefficients framework in a panel of 68 countries … (1993–2013). We show that explicit IT has a stronger effect on taming inflation persistence than implicit IT and is …