find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … (not always for the countries). The analysis is undertaken for headline inflation and inflation excluding energy and food …

inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the … a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …-run NAIRU measures prove helpful in predicting inflation and we demonstrate their usefulness in Taylor-type policy rules for the …

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 …

Long-term inflation expectations taken from the Survey of Professional Forecasters are a major source of information … information content of inflation-linked swap rates for the next survey outcome. Using a mixed data sampling approach, we find that … professionals account for the daily dynamics of inflation swap rates when they submit their long-term inflation expectations. We …

anchoring of inflation expectations. I carry out my analysis based on a high-frequency identification and the estimation of a … mandate of price stability in the current low-inflation, low-interest-rate scenario. This paper contributes to the existing … forward guidance, i.e. forecasters revise their long-run expectations upwards. Consequently, inflation increases, which …

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non …-industrialized countries, we estimate that inflation hampers growth if it exceeds 17%. Below this threshold, however, the impact of inflation …

How much does quality adjustment matter in measuring consumer price inflation? To address this question, we use … inflation only by 0.06 percentage points, which is balanced out by an increase due to quantity adjustment (e.g. a smaller … deriving the distribution of member states’ cumulative inflation rates for typical quality-adjusted products. Our macro …

The uncertainty of U.S. core inflation, measured by the stochastic volatility of forecast errors, has soared to a level … increase after a positive shock to core inflation uncertainty in a vector autoregression. Endogenous changes in household … inflation expectations help to understand the transmission mechanism through which an inflation uncertainty shock generates …

, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with … monetary policy reduces the persistence of inflation. Taking into account the fractional integration of inflation, we confirm … theoretical predictions, we find that the persistence of inflation has significantly decreased in the Euro area probably as a …