Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …

dynamics. It exploits comovement between in ation and the level from which adjusting prices departed. Prices that increase from …

This paper presents an empirical assessment of the performance of EMEs that have adopted inflation targets to conduct …

The 1970s witnessed a backlash against inflation. However, Japan's prolonged stagnation and the global economy's recent … flirtation with deflation have revived the case for low inflation. Low inflation acts as grease in labor markets, helping the … "disequilibrium" role for inflation in reducing debt burdens resulting from asset price bubbles. There is also an "equilibrium" role …

's perception of relative prices. Implicit in this hypothesis is the assumption that there is a lag in the public's perception of … the aggregate price level. This paper tests this assumption using the Michigan Survey data on inflation expectations. The …

inflation that can be attributed solely to the rounding of prices to figures that are "attractive" in euro. The empirical … analysis is based on a large sub-set of prices used by Istat to calculate the general consumer price index for Italy. Between … inflation in 2002 lies between 0.1 and 0.5 percentage points. The changeover apparently worked its effect mainly through …

Nowadays, with the diffusion of inflation targeting, the main instrument that central banks use to achieve final … objectives in the implementation of monetary policy (concerning inflation and unemployment) is the interest rate. Furthermore …. As inflation, unemployment and interest rates are determinants of the level of poverty, the central bank's behaviour is …

Nowadays, with the diffusion of inflation targeting, the main instrument that central banks use to achieve final … objectives in the implementation of monetary policy (concerning inflation and unemployment) is the interest rate. Furthermore …. As inflation, unemployment and interest rates are determinants of the level of poverty, the central bank's behaviour is …