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 …

We study the effects of Central Bank transparency on inflation and the output gap. We thus identify a small analytical … model which concludes that transparency affects the variability of inflation and output and not their average levels. Then … however, about 50% of the variability in inflation. The relation between transparency and output volatility is less clear but …

expectations are important relative to the output gap in determining current inflation, the central bank should be less activist …

We study the effects of Central Bank transparency on inflation and the output gap. We thus first identify a small … analytical model which concludes that transparency affects the variability of inflation and output and not their average levels … explain however, about 50% of the variability in inflation. The relation between transparency and output volatility is less …

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 …