Extending recent theoretical contributions on sources of inflation inertia, we argue that monetary uncertainty accounts …

Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical … assessment of the influence of inflation expectations' anchoring on the persistence of inflation. We construct a novel index of … inflation expectations' anchoring using survey-based inflation forecasts for 45 economies starting in 1989. We then study the …

How should a central bank organize itself to produce the best possible inflation forecast? This paper discusses … elements for building a comprehensive platform for an inflation forecasting framework. It describes the exercise of forecasting … inflation as a production process, which induces a strict discipline concerning data management, information gathering, the use …

stability under adaptive learning for interest rate rules that respond to inflation measures differing in their degree of price … stickiness. We find that rules responding to headline inflation measures that assign a positive weight to the inflation of the … the inflation of the sector with high price stickiness. By this we mean that they are more prone to induce non …

equilibrium with no inflation and no default exists. However, highly-indebted countries are more likely to default once they join …

The paper analyzes the dynamics of inflation in Guinea during 1992-2003 applying cointegration and error …

Adequate modeling of the seasonal structure of consumer prices is essential for inflation forecasting. This paper … suggests a new econometric approach for jointly determining inflation forecasts and monetary policy stances, particularly where … money growth and implied exchange rate paths along with a jointly determined inflation forecast. The approach uses two broad …