interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour … of economic slack and its impact on inflation, crisis-related hit to potential output and neutral interest rates. However … et d’une inflation faible, conjugués à une croissance durablement atone qui affaiblit la croissance potentielle via des …

resilient to external shocks. Enhancing the credibility of the inflation target would provide the monetary authorities with more …. Améliorer la crédibilité de l’objectif d’inflation donnerait aux autorités monétaires plus de latitude pour réagir aux chocs …

The inflation measure used by the European Central Bank excludes housing costs that are borne by home owners even … repayments. The user cost measure is combined with the HICP to derive a “broad” inflation estimate. For the sake of comparison … costs have an impact. Another important conclusion is that the effect of owner-occupied housing costs on inflation varies …

more weight on alternative indicators of inflation pressure such as wage settlements, trends in unit labour costs and a … wide range of indicators of inflation expectations. The recent fall in margins observed in some countries may, for instance … States, the large unemployment gap could also keep wage inflation under pressure despite a flattening Phillips curve. These …

This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery … the slowdown and later the weak pace of the recovery – errors made by many other forecasters. At the same time, inflation …<BR>Ce document évalue les projections de l'OCDE relatives à la croissance du PIB et à l'inflation durant la crise financière mondiale …

reduce inflation and limit the real appreciation of the rouble. Given the strength of Russia’s balance of payments during the … interventions which were only partially sterilised. As a result, inflation remained persistently high. During the global financial … greater exchange rate flexibility should be permitted since (i) commodity exporting countries can successfully run inflation …

To help policymakers form a judgment on inflation risks and the required monetary policy stance the OECD has developed … Outlook to explain recent developments in core inflation, excluding food and energy, based on developments in measures of … economic slack (the output gap), spill-over effects from energy prices onto core inflation and lagged responses to past …

investigates the implications of euro adoption in the Slovak Republic for inflation and interest rates with an attempt to quantify … raise the Slovak inflation rate above the euro area level. As capital markets have already fully priced in euro membership … to counter any such developments.<P>L'adoption de l'euro par la République slovaque : les implications pour l'inflation …

rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices …, they cannot explain them all.<P>Réponse de l'inflation aux chocs récents : Les pays du G7 diffèrent-ils les uns des autres … certain nombre de différences dans l'impact estimé des prix à l'importation des produits de base et des taux de change sur l'inflation …