The relationship between inflation and predictors such as unemployment is potentially nonlinear with a strength that … develop a model for inflation forecasting that is nonparametric both in the conditional mean and in the error using Gaussian … of inflation. In a forecasting exercise involving CPI inflation, we find that our approach has substantial benefits, both …

The dollar's depreciation during the early floating rate period, 1973-1981, was a symptom of the Great Inflation. In …

Reserve's ability to credibly commit to low and stable inflation. This chapter also provides a theoretical discussion of …