targets (inflation and output gap) are forward-looking variables in the new-Keynesian theory …

" macroeconomic events. We examine this conjecture by studying Bayesian predictive distributions for output growth and inflation in …

In this paper, we estimate trend inflation in Sweden using an unobserved components stochastic volatility model. Using … data from 1995Q4 to 2021Q4 and Bayesian estimation methods, we find that trend inflation has been well-anchored during the … period - although in general at a level below the inflation target - and it does not appear to have been affected much by the …

firms explains the negative relationship between aggregate trade credit growth and in inflation in the data. A tractable New …

take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter … regime if the inflation target is breached. The results indicate that while inflation expectations have not been fully …