This paper examines whether the clarity of central bank communication about inflation has changed with the economic … environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by … explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis …

of inflation risks. The empirical application shows that trading off monetary and macroprudential policy reduces the … overall costs related to inflation and financial instability. This can be achieved by changing the preferences of the central … bank, lengthening the monetary policy horizon and by a more flexible inflation target. Estimation results of a probit model …

The independent nature of the Central Bank is often associated with achieving low and stable inflation. Further to that … that is the least often occurred outcome. On theoretical grounds therefore, the trade-off between inflation and output …

The independent nature of the Central Bank is often associated with achieving low and stable inflation. Further to that … that is the least often occurred outcome. On theoretical grounds therefore, the trade-off between inflation and output …

In this study we build two forecasting models to predict inflation for the Netherlands and for the euro area. Inflation … hourly wage rate and the import prices. The model for the Netherlands is used to generate Dutch inflation forecasts over an … horizon of 11-15 months ahead for the Narrow Inflation Projection Exercise (NIPE). NIPE-forecasts have been generated …

This paper examines robust estimators of core inflation for Belgian historical CPI data, and for euro area Harmonised … outperform the traditional core inflation measures found in the literature. However, as traditional measures, they lag rather … than lead observed inflation. This was particularly so in the 70s and the 80s when the oil price shocks had substantial …

, Germany and Italy for the period 1991.3-2004.4. Instead of imposing rational expectations, I use direct measures of inflation … lagged inflation, I find that only in France lagged inflation does not have explanatory power beyond predicting expected … inflation. This suggests that only in France the standard forward-looking NKPC effectively captures quarterly inflation dynamics. …

+ respondents could correctly answer two simple questions regarding interest compounding and inflation, and only one …