Cross-Country Report on Inflation : Selected Issues

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

July 14, 2015

Electronic Access:

Free Full text (PDF file size is 1139 KB).Use the free Adobe Acrobat Reader to view this PDF file

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 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.

Series:

Country Report No. 15/184

Subject:

English

Publication Date:

July 14, 2015

ISBN/ISSN:

9781513525464/1934-7685

Stock No:

1EUREA2015001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

39

Please address any questions about this title to publications@imf.org