inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …

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 …

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 …

This paper reports a two-stage analysis of inflation persistence using monthly data from 11 IT countries and, for … comparison, the US, a non IT country with a history of credible monetary policy. First, we estimate inflation persistence in a … inflation persistence. We use the sequences of estimated persistence measures from the first stage as dependent variables in the …

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …

After the introduction of a stabilization program Israeli inflation decreased from 400% in 1985 to 2% in 2013. This … process is defined by three clear steps of high, medium and low inflation. The break dates are in line with major economic …

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 …

This study empirically documents that inflation is significantly more persistent when it is below the central bank … target than otherwise, for inflation rates in five inflation targeting countries (Australia, New Zealand, Sweden, United … States and the Euro- Area). The study uses a threshold autoregressive (TAR) model to test for asymmetry in inflation …