Using survey data of inflation expectations across a 36 developed and developing countries, this paper examines whether … the adoption of inflation targeting has helped to anchor inflation expectations. We examine the response of inflation … expectations following a shock to inflation, inflation expectations, and oil prices. For the 13 countries that adopted inflation …

financial policy and analysis covering four areas: the emergence and taming of the great inflation, developments in US external …

hitting the zero bound affects the target inflation rate of the other country. The direction of the effect depends on whether … interest-rate rules. Our finding is that targeting the price level yields higher welfare than targeting the inflation rate, and …

dividend growth, and inflation. The advantage of the state space approach is that we can parsimoniously model the low frequency …, real interest rates, inflation but not excess stock returns then expectations of real dividend growth and real interest …