Can the aging process affect inflation? The prolonged decline of fertility and mortality rates induces a persistent … downward pressure on the natural interest rate. If this development is not internalized by the monetary policy rule, inflation … inflation found in the data for the euro area. In this model, continuing to follow the same rule makes inflation to be on a …

find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … (not always for the countries). The analysis is undertaken for headline inflation and inflation excluding energy and food …

inflation. We find that based on a cointegrated VAR model there is a positive long-run relationship between inflation and the … found does not sufficiently take into account changes in policy settings following the high inflation experiences in the …

future inflation remain less well understood. Here we exploit a global dataset of monthly consumer price indices to identify … the causal impacts of changes in climate on inflation, and to assess their implications under future warming. Flexibly …, future warming will cause global increases in annual food and headline inflation of 0.92-3.23 and 0.32-1.18 percentage …

We propose a new measure of underlying inflation that informs, in real time, about asymmetric risks on the outlook of … and has several additional advantages. First, it is able to swiftly infer abrupt changes in underlying inflation. Second …, it helps to timely track turning points in underlying inflation. Third, the proposed indicator also has a satisfactory …