This paper studies inflation persistence with time-varying coefficient autoregressions for twelve central European … countries,in comparison with the United States and the euro area. Inflation persistence tends to be higher in times of high … inflation. Since the oil price shocks, inflation persistence has declined both in the US and euro-area. In most central and …

I investigate the causes of the high inflation Argentina experienced from 2007 to 2015. To do so, I estimate the … I obtained for other economies in the region were inflation was kept under control. I find that there are some country … specific patterns in Argentina that can explain the high inflation observed during the analyzed years. First of all …

There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global … forces" are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …

inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output … gap will have permanent andtemporary causal effects on inflation volatility. The policymakersshould carefully consider … these results to implement appropriatepolicies to reduce inflation volatility. The finding that the shocks areof temporary …

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 …

findings reveal that the impulse response of inflation to the changes in the unemployment rate gap has reduced over time till … 2010 and strengthened thereafter. The response of inflation to the changes in the unemployment rate gap has increased in … participation in theglobal value chain have reduced the inflation response to the changes in the unemployment rate gap. …