resolver este problema ; In this paper we look at global inflation trends over the last decade and try to disentangle factors … that could explain the ultra-low levels of inflation during the recovery from the Great Recession. We review the literature … inflation’s reduced cyclical sensitivity to domestic economic slack, a bigger role being played by forward-looking inflation …

average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF and Consensus … Economics compared to their counterparts that do not. The gains in forecast accuracy from incorporating inflation expectations … countries). The analysis is undertaken for headline inflation and inflation excluding energy and food and both point and density …

Inflation sinkt.Das Anliegen des zweiten Beitrags, Abwärtsnominal- und Tariflohnstarrheit in Deutschland, ist, sowohl nach unten … implications of the downward nominal wage rigidity—under a constant degree of rigidity—increase for lower inflation rates. For … inflation rates less than two per-cent the real implications are non-negligible. Additionally, the degree of rigidity itself …

information content of alternative inflation expectations measures, including those from consumers, firms, experts and financial … varies substantially across inflation expectations measures. In particular, we find that those from consumers and firms are … better at predicting inflation if compared to those from experts and, especially, those from financial markets. …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth", describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …

Artículo de revista ; This article analyses the link between the changes in and the drivers of inflation in a broad … range of advanced economies, with special emphasis on those of the euro area. Inflation rates are seen to be highly … common monetary policy. Also, the comovement of inflation is found to be a phenomenon that tends to be more visible in the …

the Spanish economy. On the basis of these variables, composite indicators are calculated that proxy inflation … expectations, the degree of slack in the economy and other inflation pressures, domestic and external alike. On the information … analysed, the recent period of low inflation in the Spanish economy is estimated to have come about in a setting in which …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …’s strategy in its struggle against low inflation, focusing in particular on the reasons that led it to adopt the interest rate …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …