estimated time-varying bias can be used to improve the SPF and Green Book inflation forecast performance by at least 13.4%. This …This paper investigates the issue of rational expectations using inflation forecasts from the Survey of Professional … distinguishes between systematic and non-systematic forecast errors. The findings indicate highly persistent systematic mistakes …

Inflation as a phenomenon has witnessed remarkable changes starting from mid-eighties of the last century. Inflation … pull inflation as one of the major determinants of inflation has decreased due to efficient monetary policies that have … been adopted by central banks all over the world to reduce inflation based on anchoring inflation expectations. Moreover …

The Israeli Economy has served as a laboratory for the study of inflation and government policy reponse. In periods … crucial for Israel's experience of inflation, finance ministers were replaced frequently, often changing their predecessors …' policies, much to the detriment of inflation. Inflation grew from an average of less than 10% per year in the decade preceding …

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 …

adjustment. The study found that expected inflation is a primary factor in the explanation of current inflation. This result is … increases in the present are determined primarily by expectations of future price increases. It was also found that inflation in … according to which current inflation is determined by past, rather than current, inflationary expectations. Another issue …

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 …

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. …

A linear and lagged relationship between inflation and labor force growth rate has been recently found for the USA. It … previously reported agreement between observed and predicted inflation is substantially improved by some simple measures removing … inflation and the annual labor force readings is compensated. GDP deflator represents the inflation. Linear regression analysis …

tentative, our scenarios show that inflation will decrease substantially though inflation inertia may prevent a rapid … stabilization of food prices. One of the main driving forces behind domestic inflation is agricultural output growth. While exchange …