We empirically investigate how well different learning rules manage to explain the formation of household inflation … in replicating inflation expectation data but also in forecasting actual inflation rates. …

We provide new insights on the formation of inflation expectations - in particular at a time of great financial and … answered a weekly questionnaire about their short-, medium- and long-term inflation expectations. Participants received common … information sets with data relevant to euro area inflation. Our analysis of survey responses reveals several interesting results …

This paper assesses the performance of core inflation measures based on the structural VAR approach. Since core or … monetary inflation is not directly observable, we develop a monetary general equilibrium model that fits real aggregated … European data and use this model to generate time series for headline as well as core inflation. For five different schemes …

This paper assesses the performance of core inflation measures based on the structural VAR approach. Since core or … monetary inflation is not directly observable, we develop a monetary general equilibrium model that fits real aggregated … European data and use this model to generate time series for headline as well as core inflation. For five different schemes …

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 …

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 …

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 …