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Cross-country report on inflation : selected issues.

Author: Nathaniel Arnold; Jiaqian Chen; Lone Engbo Christiansen; International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, ©2015.
Series: IMF country report, no. 15/184.
Edition/Format:   eBook : Document : International government publication : English
Database:WorldCat
Summary:
This Selected Issues paper examines the causes and drivers of low inflation in European inflation targeting countries outside the euro area, focusing on the Czech Republic, Poland, Sweden, and Switzerland. It estimates the effects on inflation from the output gap and external factors, including oil price changes, nominal effective exchange rate (NEER) fluctuations, and euro area inflation spillovers. It is observed  Read more...
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Details

Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Nathaniel Arnold; Jiaqian Chen; Lone Engbo Christiansen; International Monetary Fund.
OCLC Number: 914238958
Notes: "Prepared by Nathaniel Arnold, Jiaqian Chen, and Lone Christiansen"--Page 2 of pdf.
"July 2015."
"June 22, 2015"--Page 2 of pdf.
Description: 1 online resource (39 pages) : color illustrations.
Series Title: IMF country report, no. 15/184.

Abstract:

This Selected Issues paper examines the causes and drivers of low inflation in European inflation targeting countries outside the euro area, focusing on the Czech Republic, Poland, Sweden, and Switzerland. It estimates the effects on inflation from the output gap and external factors, including oil price changes, nominal effective exchange rate (NEER) fluctuations, and euro area inflation spillovers. It is observed that external factors have been significant drivers of low inflation recently, though their contributions to inflation and the channels through which they operate vary across countries. Policy responses and options are also discussed, taking into account country-specific circumstances.

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