the Phillips curve based on constant inflation expectations has returned for Sweden. Based on estimates of this model …-2011. This result is based on Svensson's unrealistic as well as unnecessary assumption of constant inflation expectations … anchored at the Riksbank's inflation target of 2 per cent. Data show, however, that the public's inflation expectations have …

This paper examines the role of expectations in explaining the dynamics of inflation, interest rates and other key …. The latter has long lasting effects and still accounts for more than 10 per cent of the variability of inflation … expectations after the period of one year. This evidence shows the importance of inflation expectations formation, particularly on …

This paper presents a model that pictures how inflation is determined in a decentralized market process where prices … setters of sequential contracts. An important property of the model is that inflation thus can be explained without any … reference to the quantity of money.Following up the finding that inflation is determined in a coordination game, it is …

The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …

This paper contributes to a better understanding of how inflation targets are set. First, we gather evidence on how … inflation targets are set from official central bank and government publications and from a questionnaire of our own design …. Second, we estimate the determinants of the level of the inflation target in 19 inflation-targeting countries using …

This paper evaluates the link between central bank independence and inflation for the case of Colombia. It develops a … theoretical framework concerning central bank independence and inflation. It concludes that central bank independence is an … important feature for reducing inflation and partially solvind the problem of time inconsistency, assuming the existence of a …

interest rates and inflation rates. It is argued that the traditional story deriving central bank power from its monopoly of … banks seem to influence interest and inflation rates. Here, we suggest that the explanation is that central banks have …

policy. The direct inflation targeting strategy used by the European Central Bank in applying its monetary policy has the … first criterion of implementation the expression of inflation target in terms of „headline inflation†(consumer price … consumer price index, this one ensuring the necessary transparency related to the effects of inflation phenomenon. A strong …