This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed … from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation … Search Index (GISI) is assessed relative to 37 other indicators of inflation expectations – 36 survey measures and the TIPS …

Countries in which inflation targeting has been adopted require high quality inflation forecasts. The Polish National … Bank adopted a variant of implicit inflation targeting and therefore the ability to forecast inflation is critically … important to policy makers. Since the domestic price formation process is still evolving, medium term inflation forecasting is …

The rational expectations hypothesis for survey and model-based inflation forecasts − from the Survey of Professional … data. The finding of near-unit-root effects in the inflation and inflation expectations series motivates the use of a local …-to-unity specification of the inflation process that enables us to test whether the data are generated by locally non-stationary or …

behaviour is more in accordance to what the theory claims. However, they still lack the ability to help forecasting inflation …This paper assesses the performance of the core inflation measures calculated by the Brazilian Central Bank (BCB). The … evidence shows that they do not meet some key statistical criteria that a good core inflation should have: unbiasedness and the …

This study estimates degree of intrinsic inflation persistence in Pakistan using aggregate price index, group level … price indices, and individual commodity prices. We find no evidence of a unit root in (MoM) inflation at any level, except … for house rent. Using monthly data from 1959 to 2011 we find that the estimate of (overall) inflation persistence is 0 …

This study estimates degree of intrinsic inflation persistence in Pakistan using aggregate price index, group level … price indices, and individual commodity prices. We find no evidence of a unit root in (MoM) inflation at any level, except … for house rent. Using monthly data from 1959 to 2011 we find that the estimate of (overall) inflation persistence is 0 …

According to the macro-econometric literature, the impact of exogenous oil price shocks on Inflation have greatly … increased in the last two decades throughout OECD countries while the persistence of those shocks on long-term inflation, namely … core inflation, has dramatically decreased. In the meantime, the market for inflation derivatives soared, spurred by a …

trimmed-mean is the best approach in extracting the statistical medium-term trend of inflation. This paper uses asymmetric … trimmed-mean approach to measure core inflation in Indonesia. This measure, as compared with the headline inflation, is more … correlated with the growth of money supply in the past. Additionally, it is a reliable indicator of inflation trend. …

fluctuations of output gap, however constructed or measured, are a good predictor of inflation in the UAE. This is carried out by … inflation in the UAE. …