In the past decade changes in oil prices have played a significant role in shaping inflation dynamics in the US and in … petroleum products respond more promptly to positive than to negative oil price shocks. This paper provides fresh evidence on … fuels prices respond very promptly to oil price shocks, with some heterogeneity across countries, and that no systematic …

The paper analyzes the short-run impact of periods of strong monetary growth on inflation dynamics for 15 …

level, after controlling for inflation expectations, and whether it is concentrated among those firms that are more exposed …

In the case of the consumer price index the importance of a seasonally adjusted measure lies in the possibility of … promptly identifying turning points in inflation. The focus of this paper is the so-called "cost-of-living" index, the most … used measure of Italian inflation. Our aim is to identify and test a model of its seasonal component, which is important in …

This study investigates inflation perceptions in both qualitative and quantitative terms and their relationship with … Italian consumers carried out at the end of 2006. The results show that reported inflation is, on average, much higher than … measured by official statistics. Inflation perceptions are higher for women, the unemployed and less educated individuals, as …

much sharper rise in inflation than measured by the official price indices, whose quality was called into question. In this … determinants. Since these data do not rely on official inflation statistics, they provide an independent check for the latter. We … degree one in the price level, a prediction which is strongly supported by the data. This feature allows us to test the …

wage, unemployment and inflation. This is done by considering a two-stage strategic interaction between a central bank (CB …

issue is of particular interest for those monetary authorities that target headline consumer price inflation, which has been … the sign of the commodity price shock. Next, we employ predictive regressions and examine the relative forecasting ability …

Between 2013 and 2014, following the recession triggered by the sovereign debt crisis, euro-area inflation decreased … sharply. Although a fall in the inflation rate was to be expected, given the severity of the recession, professional … inflation, which was unaccounted for in forecasting models. We probe this explanation in the context of a simple backward …