This paper investigates how consumer price inflation is determined in Mali for 1979-2006 along three macroeconomic … long-run determinants of inflation. The paper offers policy recommendations for controlling inflation in Mali. …

with a lag of at least three quarters, with inflation taking seven quarters to respond. Inflation is inertial and … persistent when it sets in, irrespective of the source. Exchange rate pass-through to domestic inflation is low. Inflation turns …

for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the … effectiveness of the current monetary policy framework will facilitate the adoption of inflation targeting over time. …

inflation combined with a free float seems to be the ultimate option. The paper shows how to design and operationalize such a …

This Selected Issues paper looks at short-term inflation dynamics in the new member states (NMS) of the European Union …, focusing on the role of monetary policy regimes. It models the determinants of inflation in the NMS and assesses how different … of NMS, evaluates their role in reducing inflation, and identifies some of their distinctive characteristics. The paper …

changes have swifter effects on output and inflation compared to advanced economies and that exchange rate dynamics plays a … key role in this connection. Importantly, the response of inflation to monetary policy shocks has grown stronger and the … output-inflation tradeoff improved since the introduction of inflation targeting. …

This paper examines inflation dynamics in the United States since 1960, with a particular focus on the Great Recession …. A puzzle emerges when Phillips curves estimated over 1960-2007 are ussed to predice inflation over 2008-2010: inflation … by theories of costly price adjustment: we measure core inflation with the median CPI inflation rate, and we allow the …

of inflation rates to decline to targeted levels during many disinflation programs? This paper assesses the relative … data, we find that expectations of future inflation play a much more important role than past inflation in shaping the … inflation process. We also find that an improvement in primary fiscal balances significantly reduces inflation expectations …

This paper pursues a computationally intensive approach to generate future inflation, followed by an exploration of the … determinants of inflation expectations by estimating a new Keynesian type Phillips curve that takes into account country … indicate that high and climbing inflation could easily seep into people’s anticipation of future inflation and linger. There …