bank independence and measures of persistence, and then we compare them with inflation performance in OECD countries. Our … of inflation. …

Inflation-indexed bonds are fixed-income securities whose nominal cash flows are adjusted to an inflation index. In … countries where these securities exist, inflation expectations are sometimes estimated as the spread between the nominal yield … the same issuer. However, this indicator known as the break-even rate, may estimate inflation expectations with some …

Political Science on June 4th. It starts by asking what factors have been behind the remarkable retreat of inflation that has …

provincial inflation divergences and relative price shifts. Inflation differentials are found to be small (the range is less than …

orientation of macroeconomic policies - and of monetary policies in particular - to achieving lower inflation rates. This has led … to a move from low inflation to price stability in a number of countries and, in particular, in Spain. The purpose of … from achieving inflation rates which are low enough to be considered consistent with a situation of price stability. …

We use an integrated framework based on the CCAPM to jointly estimate ex-ante real interest rates, inflation risk … premia and agents' inflation expectation errors in four countries - France, Spain, UK and US - under three different …

This paper develops and estimates a game-theoretical model of inflation targeting where the central banker …

This paper studies the joint behaviour of inflation and unemployment in Spain over the period 1964-1995. We analyze the … implications both of full hysteresis in unemployment and high inflation persistence for inference regarding dynamic Phillips trade …

During the 1970s and early 1980s, Spain suffered high rates of inflation but inflation declined and by 1997 inflation … had fallen to approximately 2 percent. To fight inflation, Spain implemented austere monetary programs, joined the EMS in … 1989, enacted central bank autonomy in 1994, and introduced inflation targets in January 1995. Certainly, these and other …

productivity differentials between traded and non-traded goods sectors generate sectoral inflation differentials (dual inflation …). Furthermore, differentials in the degree of dual inflation induce inflation differentials between countries. The standard BS model …