Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …

The Ramsey approach to optimal taxation and Ramsey tax rules have amassed substance in economic theory. However, they …

-price model with firm-level productivity growth fits this data and predicts that the optimal long-run inflation rate is positive … long-run inflation near zero. Despite positive long-run inflation, the Taylor principle ensures determinacy in the model … with firm-level productivity growth, and optimal inflation stabilization policies are standard. In a two-sector extension …

In this paper we present two examples where the presence of inflation persistence could influence the qualitative … inflation persistence exists. In the second case the direction in which interest rates move following a cost push shock changes … when inflation persistence becomes important. In both cases, inflation persistence is central to the process influencing …

different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange …