cyclical fluctuation in inflation may be confused for a shift in the trend component. Bayesian estimation reveals that there …This paper seeks to document and explain the effect of a commodity price shock on underlying core inflation, and how … across many countries there was a break in the response of core inflation to a commodity price shock. In an earlier period, a …

bankers to explain their monetary policy decisions in detail and for them to publish inflation forecasts. This leads to the … question of how central bank transparency is entangled with price stability and inflation volatility. A plethora of studies … transparency leads to lower inflation, others concluded that openness of central banks results in higher prices. Conversely, there …

This paper examines four unresolved issues regarding the effects of GDP and inflation on financial development: (i …-linear? (iii) Does financial development vary with inflation rates? (iv) Does inflation moderate the effect of GDP on financial …, and the relationship is non-linear in over 60% of the countries. The authors also reveal that inflation has a negative …

inflation and inflation uncertainty. Thus, we can test for state-dependence of the Calvo parameter in a straightforward way. To … that a number of shortcomings of empirical NKPC model representations in explaining inflation data may be addressed by … the relation between inflation and marginal costs are considerably reduced in the framework of our more general NKPC …

This paper investigates the relationship between the Great Moderation and two measures of inflation performance: trend … inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non …-industrialized countries, we estimate that inflation hampers growth if it exceeds 17%. Below this threshold, however, the impact of inflation …

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non …-industrialized countries, we estimate that inflation hampers growth if it exceeds 17%. Below this threshold, however, the impact of inflation …

monetary policies based on the inflation targeting regime. Nevertheless, there is no theoretical evidence as to which inflation … determine which inflation level is a threshold for the economic growth. The aim of this study is to examine the relationship … between price stability and economic growth of the selected countries applying inflation targeting. We use threshold dynamic …

purposes, and the theory predicts that conditional on such shocks output growth should be more volatile than inflation in …We address this question by examining the conditional dynamics of inflation and output growth in response to markup … shocks for 14 industrialized countries. Markup shocks create a trade-off between output gap and inflation stabilization …

We examine the effect of inflation variability and economic growth using annual historical data on both developing and … inflation variability by the five-year coefficient of variation of inflation, we obtain the following results: (1) For … developing countries, there is significant evidence to suggest that when the rate of inflation exceeds 10% inflation variability …