help anchoring inflation expectations. We use survey data on long-term inflation expectations in 15 industrial countries … since the early nineties to investigate how well anchored are inflation expectations. We find that in all countries except … Japan long-term inflation expectations are well anchored and, generally, increasingly so over the past decade. When …

The role of trend inflation shocks for the U.S. macroeconomic dynamics is investigated by estimating two DSGE models of … the business cycle. Policymakers are assumed to be concerned with a time-varying inflation target, which is modeled as a … persistent and stochastic process. The identification of trend inflation shocks (as opposed to a number of alternative …

Are foreign variables important for tracking U.S. inflation expectations? This paper estimates a reduced-form model …

assessments on the impact of structural shocks to the U.S. macroeconomic aggregates, especially during the great inflation period. …