, consumption, investment and unemployment)has a distinct dynamic from disagreement about nominal variables(inflation and interest … series. Countryby-country regressions for inflation and interest... …

a special focus on persistence of real wages,wage and price inflation. The analysis is conducted within a structural …, as well as the cointegrating properties of theestimated system. Overall, in the long run, wage and price inflation emerge …

This paper examines the impact of downward wage rigidity (nominal and real) onoptimal steady-state inflation. For this … andFinland). The calibrated heterogeneous agent models are then solved for differentsteady state rates of inflation to derive …

applications respectively on macroeconomic series, with a particular focus on different measures of inflation, and on financial … asset returns. Our model outperforms the benchmarks in fore-casting the inflation level, its conditional variance and the …

.S. inflation. JEL Classification: C32, C53, E37 …

for future inflation for the cross section of New EU Member States. This paper provides stylized facts on monetary versus … non-monetary (economic and fiscal) determinants of inflation in these countries as well as formal econometric evidence on … predicting inflation at longer (3-year) horizons. JEL Classification: C53, E31, E37, E51, E52, E62, P24 …

This paper contributes to the old theme of testing for rationality of inflation expectations in surveys, using two very … different surveys in parallel. Focusing on the euro area and using two well-known surveys that include questions on inflation … inflation forecasts. Tests are based on a preliminary discussion of the meaning of Rational Expectations in the macro …