Inflation Mechanisms, Expectations and Monetary Policy

Abstract

Inflation has been off-target for some time in many economies, both advanced and emerging. Whereas advanced economies have mostly been experiencing inflation below target, the experience among emerging market economies has been more mixed. Inflation has been below target in several EMEs in Asia and Central and Eastern Europe, but above target in some Latin American economies as well as in Russia, South Africa and Turkey. This volume explores the reasons behind this diverse inflation performance in EMEs and analyses possible changes to the inflation mechanism.

While the full publication can be downloaded using the above link, individual contributions are available separately.

Inflation Mechanisms, Expectations and Monetary Policy - Overview

Measuring Inflation

The Inflation Process

Inflation Expectations and Monetary Policy

The Transition to Inflation Targeting in an Emerging Economy: Selected Issues

Why Is Inflation So High and Volatile in Brazil? A Primer

The Evolution of Inflation in Chile Since 2000

An Underlying Inflation Gauge (UIG) for China

Inflation Expectations and a Model-Based Core Inflation Measure in Colombia

Impact of the CNB's Exchange Rate Commitment: Pass-Through to Inflation

Inflation Mechanism and Monetary Policy: Perspectives from Hong Kong

Fixing an Impaired Monetary Transmission Mechanism: The Hungarian Experience

Inflation Mechanisms, Expectations and Monetary Policy in Indonesia

Inflation Measurement and Inflation Expectations: The Case of Israel

Inflation Dynamics in the Post-Crisis Period: Korea's Experience

Economic Changes, Inflation Dynamics and Policy Responses: The Malaysian Experience

On the Costs of Deflation: A Consumption-Based Approach

Inflation Expectations and Dollarisation in Peru

The Role of Expectations in Inflation Dynamics in the Philippines - Has It Changed Following the Global Financial Crisis?

Negative Bond Term Premia - A New Challenge for Polish Conventional Monetary Policy

The Bank of Russia's Inflation Challenge

Inflation Mechanisms, Expectations and Monetary Policy in Saudi Arabia

The Inflation Process and Expectations in Singapore

Inflation Mechanisms, Expectations and Monetary Policy

Inflation Dynamics and Inflation Expectations in Thailand

Twin Stability Problem: Joint Issue of High Current Account Deficit and High Inflation

Inflation in the United Arab Emirates

JEL Classification: E31, E52, F62