summarised as follows. (1) Historically, inflation persistence appears to have been the exception, rather than the rule, with … inflation estimated to have been highly persistent only during the period between the floating of the pound, in June 1972, and … the introduction of inflation targeting, in October 1992. Under inflation targeting, it exhibits some slight negative …

For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey … models of forecasting inflation, the data are low frequency measures which appear anachronistic in the modern era of high … frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many …

This paper considers whether the Phillips curve can explain the recent behavior of inflation in the United States … historical data will overstate the responsiveness of inflation to present-day economic conditions. I modify the traditional … behavior of inflation without relying on anchored expectations. Specifically, I explore reasons why the slope might vary over …

This paper aims to investigate whether the effect of inflation expectations, exchange rate, money supply, industrial … production and import prices on inflation depends on business cycle. For this purpose, a two states Markov Switching Auto … Regression model with time varying transition probabilities to a generic inflation model is implemented for the period 2003 …

Research Problem: The primary purpose of the paper is to set up a macroeconomic model that depict domestic inflation … methodology: To investigate domestic inflation sensitivity to macro variables time-varying coefficient estimation approach … (government spending) is the main driver of domestic inflation,the increasing role of parallel market for foreign exchange and …

In this paper, we examine causal relationships among inflation rate, output growth rate, inflation uncertainty and … model that includes output growth and inflation rates for each country. Then we use conditional standard deviations of … inflation and output to proxy nominal and real uncertainty, respectively, and perform Granger-causality tests. Our results …

level and variability of the inflation rate using annual industry data from the period 1958-1990. In addition, it is … formulated. JEL Classification: B2, C5, D4, E3. Keywords: Market Power, Inflation, Business Cycles, New Keynesian Economics. …