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 …

Following the Maastricht criteria, a country seeking to join the European Monetary Union cannot have an inflation rate … in excess of 1.5 percent plus the average inflation rates in the three 'best performing' EU countries. This inflation … simulations show that the expansion of the EU from 15 to 27 members reduces the expected inflation reference value by 0 …

, 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 …

This study explores whether the NAIRU is a useful indicator of prospects for inflation in the Netherlands. Apart from …, for short horizons (two years or less) inflation forecasts turn out to be quite invariant to changes in the level of the …

The relationship between monetary indicators and inflation is ussually assumed to be linear, implying that looser … monetary conditions always signal an increase in in.ation. Recently, money growth in the euro area surged while inflation … regression model to verify the claim that the impact of monetary indicators on future inflation varies conditional on stock price …

In this study we build two forecasting models to predict inflation for the Netherlands and for the euro area. Inflation … wage rate and the import or producer prices. The model for the Netherlands is used to generate the Dutch inflation … projections over an horizon of 11-15 months ahead for the eurosystem's Narrow Inflation Projection Exercise (NIPE). The recursive …

national output gaps constructed turn out to significantly explain future changes in inflation. Moreover, the analysis also … reveals that an aggregate European output gap significantly precedes aggregate European inflation, as well as inflation in the … individual EU countries. These findings imply that an aggregate European output gap may serve as an inflation indicator for the …

prices thereafter. Notwithstanding clear evidence of forward-lookingness, inflation persistence is substantial in both …