responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …

experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the “standard model” suffice to explain the broad contours of macroeconomic outcomes in …

We argue that the Great Inflation experienced by both the United Kingdom and the United States in the 1970s has an … common doctrine underlying the systematic monetary policy choices in each country. The nonmonetary approach to inflation …

Regression model for the period 1995Q1 to 2018Q2. The empirical evidence reveals the existence of two inflation regimes during … the period under review. Food inflation, energy inflation, firms’ marginal cost, and imported inflation account for most … exchange rate solely explains price changes in the composite consumers’ basket when inflation switches to high regime …

experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the "standard model" suffice to explain the broad contours of macroeconomic outcomes in …

We analyse the evolution of inflation in Chile over the last decade and a half through the lenses of the new keynesian … gap, inflation expectations, indexation to past inflation and the exchange rate. Based on the evidence gathered, we … provide an interpretation of the inflation process in Chile. We show that in general terms the evolution of inflation can be …

Changes in interest rates, inflation, and exchange rates are the main components of macroeconomic risks (financial … form of flexible inflation targeting (FIT). It is characterized by an explicit concern over exchange rates. The empirical …