This paper proposes a statistical model and a conceptual framework to estimate inflation volatility assuming rational … the conditional inflation volatility for Germany, Spain, the euro area and the United States using monthly data from … inflation volatility into positive and negative surprise components and characterise different inflation volatility scenarios …

This paper examines the sources of real exchange rate (RER) volatility in eighty countries around the world, during the … the RER volatility. To that end, we employ two complementary procedures that consist in detecting structural breaks in the … RER series and decomposing volatility into its permanent and transitory components. The results confirm that exchange rate …