Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …

and at the beginning of a quarter, on various conditional frequencies of adjustment, inflation and its variability …

By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … forecast error variance in inflation at the 12-month horizon. While the contemporaneous correlation between inflation and … relative price asymmetry is positive, idiosyncratic shocks lead to a substantial build-up in inflation only after two to five …

, based on a panel of four biggest Central European countries (the Czech Republic, Hungary, Poland and Slovakia) confirm …

, Hungary, Poland, Russia and Turkey from May 1998 to December 2007. To account for the importance of market expectations we use …