Statistical Insights: An x-ray view of inflation

By Pierre-Alain Pionnier, Francette Koechlin, Anne-Sophie Fraisse and Elena van Eck. Inflation may be present in some parts of an economy but not others. Contributions to annual inflation show how much different product groups contribute to overall inflation in a given year. The measure is a useful tool to understand where inflation is occurring in … More Statistical Insights: An x-ray view of inflation

Could current inflation targeting frameworks be improved?

by Makoto Kasai and Łukasz Rawdanowicz, OECD Economics Department[1] As discussed in the latest OECD Economic Outlook, the prolonged undershooting of inflation targets, despite massive monetary policy stimulus and stronger economic growth and lower unemployment, raises issues about the appropriateness of current inflation targeting frameworks in advanced economies. While the frameworks differ in detail and implementation, they … More Could current inflation targeting frameworks be improved?

Will the inflation genie escape the bottle? New evidence on globalisation, competition and inflation

By Dan Andrews, Peter Gal and William Witheridge, Economics Department Markets and commentators are speculating that there may be a sustained pick-up in inflation in the United States, after years of subdued price pressures. Along with continued solid US jobs growth and low unemployment, there are tentative signs of higher wage growth and the fiscal … More Will the inflation genie escape the bottle? New evidence on globalisation, competition and inflation