This paper explores the behaviour of inflation forecasts from a variety of sources (ie Consensus and other professional forecasters, international and domestic financial institutions, central banks) with the aim of measuring the size and evolution of forecast disagreements and their proximate...

Until the global financial crisis of 2008–09, central banks celebrated the achievement of lower and more stable inflation rates. With a few exceptions, this accomplishment was a global one. Motivated by concerns over whether the relentless easing of policy in economies most stricken by the US...