Forbes, Kristin; Kirkham, Lewis; Theordoridis, Konstantinos - 2017
of the world. They also provide guidance on when deviations of inflation from target are more likely to be temporary, and …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 …