situation poses to price stability. We propose to regard the central banker as a risk manager who aims to contain inflation …

pronounced increase of aggregate US producer price inflation. …

unemployment-inflation tradeoff might indicate not something to be exploited but instead only policy-makers' correctly …

competition to influence domestic inflation. By comparing the unrestricted and restricted specifications, we provide evidence that … foreign competition plays an important role in accounting for the behavior of inflation in the traded goods sector. Our … inflation in the 1990s. Our results also provide evidence against demand curves with a constant elasticity in the context of …

We study the inflation uncertainty reported by individual forecasters in the Survey of Professional Forecasters 1969 … asset pricing. We find that inflation uncertainty fluctuates over time in a way that traditional time series models fail to … capture. Instead, uncertainty is highly correlated with the level of inflation, in particular with recent positive inflation …

It has been widely argued that inflation persistence since WWII has been widespread and durable and that it can only be …

We investigate whether the Fiscal Theory of the Price Level can deliver a reasonable explanation for UK inflation in … was accommodative. The model is tested for its implied cointegration between inflation and government spending and for its … dynamics by using the method of indirect inference, under which the model’s simulated behaviour is compared with the inflation …

inflation and growth. A genuine real-time data set for the euro area is used, including vintages of several alternative gap … clearly to a lack of any usefulness of real-time output gap estimates for inflation forecasting both in the short term (one …