and non-durables after a monetary policy shock, which is at odds with the empirical evidence. This paper proposes a new … contrast to the standard model where the aggregate hours remain relatively unchanged after the contractionary policy shock …

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 …

This paper investigates the quantitative importance of various types of frictions for inflation and nominal interest …

in inflation implies a high real marginal cost and low share prices in a sticky-price economy. We find that if the New … Keynesian Phillips curve has a lagged inflation term caused by price indexation, this effect is weakened. Moreover, equilibrium …

The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …

dataset of political elites’ inflation statements and measure each statements’ information precision. I then test whether or … information precision, through its attenuating effects on inflation expectations, lowers inflation. Furthermore, I find that this …

This article focuses on inflation targeting (hereafter IT) as a superior monetary policy strategy for attaining price … inflation targeting and also examines the IT experiences of some industrial and emerging markets. The growing body of empirical …

Can the South African Reserve Bank’s (SARB) substantially control inflation within their set target of 3-6 percent? We … aggregated inflation data collected between 2003 and 2014. To this end, we employ the three-regime threshold autoregressive (TAR … for varying persistency within the autoregressive (AR) components of the inflation process. Our empirical explorations …