, Malaysia). Among countries with inflation below target, in those with trend inflation low but constant (Australia, New Zealand …Trend inflation estimates for 12 of the largest Asian economies over 1995-2018 offer important insights on inflation … dynamics and inflation expectations. The disinflationary shocks that hit the region since 2014 were partly transitory, but …

mandate of price stability in the current low-inflation, low-interest-rate scenario. This paper contributes to the existing … anchoring of inflation expectations. I carry out my analysis based on a high-frequency identification and the estimation of a … forward guidance, i.e. forecasters revise their long-run expectations upwards. Consequently, inflation increases, which …

This paper examines the interaction of core inflation and inflation targeting as a monetary policy regime. Interest in … core inflation has grown because of inflation targeting. Core inflation is defined in numerous ways giving rise to many … potential measures; this paper defines core inflation as the best forecaster of inflation. A cross-country study finds before …

This paper studies the Great Inflation in Canada, Australia, and New Zealand. Newspaper coverage and policymakers … delegated inflation control to nonmonetary devices. This hypothesis helps explain why, unlike Canada, Australia and New Zealand …' statements are used to analyze the views on the inflation process that led to the 1970s macroeconomic policies, and the different …

Changing time series properties of US inflation and economic activity are analyzed within a class of extended Phillips … models that describe changing patterns in low and high frequencies and backward as well as forward inflation expectation … frequencies are carefully modeled. Modeling inflation expectations using survey data and adding level shifts and stochastic …

A knowledge of the level of trend inflation is key to many current policy decisions, and several methods of estimating … trend inflation exist. This paper adds to the growing literature which uses survey-based long-run forecasts of inflation to … estimate trend inflation. We develop a bivariate model of inflation and long-run forecasts of inflation which allows for the …

This paper incorporates market-based inflation expectations to the growing literature on trendinflation estimation, and …

factors that influence trend inflation in the USA. Using structural shocks that incorporate a broad set of information for the … US economy, we find that four structural shocks have significant effects on trend inflation: productivity, price mark …-up, government policy, and finance. During and in the aftermath of the Great Recession, trend inflation became more volatile after …