crisis is empirically examined. The standard model for themonetary analysis of inflation, i.e. the P-Star model by Hallman … long run dynamics of CPI inflation inIndonesia remarkably weIl. Hence, there is an empirical support for the assertion that …

We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …

We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …

Well-anchored inflation expectations are a key factor for achieving economic stability. This paper provides new … empirical results on the anchoring of long-term inflation expectations in the euro area. In line with earlier evidence, we find … that euro area inflation expectations have been anchored until fall 2011. Since then, however, they respond significantly …

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 …

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 …

This study compares the performance of GARCH-Type models in modelling inflation volatility in Nigeria covering the … the role of structural breaks for inflation rate volatility in Nigeria will yield misleading and invalid policy … period 1995M01 to 2016M10. In the paper, we provide two main innovations: (i) we analyze inflation rate of two pronounced …

price model a 'weak' central bank response to inflation generates sunspot fluctuations, the consequences of pooling … of inflation persistence had not been investigated. Using Monte Carlo simulations from a purely forward-looking model …, this paper shows that indeterminacy can introduce a sizable persistence in the process of inflation. On the reduced form …

Inflation dynamics in Brazil are high and volatile. This short paper seeks to shed some light on the features of … inflation in Brazil and provides a non-exhaustive list, in the way of a primer, of factors that are especially important. It … also offers some suggestions for how monetary policy could deal with these factors to control inflation and bring interest …

aggressive monetary policies which results in less inflation volatility and persistence. We find this pattern emerges strongly …