aggregate inflation and the skewness of the distribution of relative price changes. Our empirical results are mixed. Our … for the inflation rate. Our empirical evidence in favor of the hypothesis that the skewness measure may help to explain …

a standard Phillips curve, the sum of coefficients associated with expected inflation is far below unity, whatever … measure of expected inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is … our suggestion, one estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent …

them, however, because in his view they were inappropriate measures of inflation. Instead, he devised the unit value index …

Summary This paper develops a factor model for forecasting inflation in the euro area. The model can handle variables … random walk forecasts, a hard to beat benchmark for euro area inflation forecasts in recent years, at horizons of and beyond … signal on current and future euro area inflation from new data releases.  …

prejudices of that time (e. g. regarding inflation under the regime of a gold currency).  …