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 …

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 …

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 …

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

This paper demonstrates how a target for money growth can be beneficial for an inflation targeting central bank acting …

monetary and credit aggregates are very often selected among the top predictors of inflation, with their predictive power … and credit variables in forecasting inflation, even if their information content is diluted in a much broader pool of …

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

We ask whether the sensitivity of monetary policy shocks to inflation expectations, growth, and inflation changes as a … result of adopting the inflation targeting regime in India. We use state-level variation in inflation and inflation … sensitivity of growth to monetary policy shocks increases in response to inflation targeting as a result of changing real rates …