01762cas a2200241 a 4500 AALejournalIMF015362 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513525464 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Cross-Country Report on Inflation : Selected Issues. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (39 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/184 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/184/002.2015.issue-184-en.xml IMF e-Library