This paper examines the reasons for the declining path of inflation since the 1970s. In particular, it focusses on the … inflation. The paper makes use of different data from individual countries and panel of countries. These data show that the … dispersion of inflation and the behavior of relative prices follow a pattern that is consistent with several globalization …

Many central banks worldwide announce numerical inflation targets, typically ranging from zero to two percent in … advanced economies and higher in developing countries. Historically, a significant gap existed between the inflation targets … for zero or negative inflation targets and surveys new forces justifying positive targets. Key factors include (i) trends …

We use a representative online survey to investigate the inflation expectations of German consumers and the credibility … of the ECB's inflation target during the recent high inflation period. We find that credibility has trended downwards … since summer 2021, reaching an all-time low in April 2022. The high correlation between inflation expectations and the …

This paper examines the reasons for the declining path of inflation since the 1970s. In particular, it focusses on the … inflation. The paper makes use of different data from individual countries and panel of countries. These data show that the … dispersion of inflation and the behavior of relative prices follow a pattern that is consistent with several globalization …

. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …

This paper uses a "trendy" approach to understand UK inflation dynamics. It focuses on the time series to isolate a low …-frequency and slow-moving component of inflation (the trend) from deviations around this trend. We find that this slow-moving trend … explains a substantial share of UK inflation dynamics. International prices are significantly correlated with the short …

We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the … shocks through sign restrictions. Our main finding is that expansionary financial shocks temporarily lower inflation. This … during the latest financial crisis. We then explore the transmission channels of financial shocks relevant for inflation, and …