We investigate the effects of inflation targeting (IT) adoption on industrial economies by comparing each inflation targeter country (ITer) with its synthetic control, defined as the convex combination of non-IT countries ...

This paper studies the relation between inflation and relative price variability (RPV) in Spain during the 1987-2009 period. We find that this relation presents a U-shape profile, and that the optimal annual inflation rate ...

During the second half of the 2000s, the world experienced a rapid and substantial rise in commodity prices. This shock posed complex challenges for monetary policy, in particular because of the significant increase in ...

We explore the ability of core inflation to predict headline CPI annual inflation for a sample of eight developing economies in Latin America over the period January 1995–May 2017. Our in-sample and out-of-sample results ...

This paper investigates what are the main components of consumer’s inflation expectations. We combine the FGV’s Consumer Survey with the Brazilian Institute of Geography and Statistics (IBGE) indices on inflation (IPCA and ...

O objetivo deste trabalho é investigar a ancoragem das expectativas de inflação de longo prazo no Brasil, medidas por intermédio das taxas de inflação implícitas nos títulos indexados ao IPCA. Para isso, são extraídas as ...

Since 2006, the Getulio Vargas Foundation (FGV) calculates a daily version of the Broad Consumer Price Index (IPCA), the official inflation index, calculated under the responsibility of the IBGE, the federal statistics ...