We build a novel term structure model for pricing synthetic euro area core inflation-linked swaps, a hypothetical swap … contract indexed to core inflation. Our approach relies on a term structure model of traded headline inflation-linked swap … rates, which we assume span core inflation. The model provides estimates of market-based expectations for core inflation, as …

of topics, including but not limited to inflation, household finance, the labor market, and the housing market. There are …

Inflation targeting has been adopted in a set of emerging economies, including eight countries in Latin America. The … take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter …

Recent literature suggests that the co-movement of inflation is rather strong across countries. We use a factor model … according to their inflation history. Results indicate that the monetary policy regime is a very important source of the … the Hungarian inflation. We find that Hungary, similar to other countries in the region, experienced a disinflation period …

This paper studies the importance of money for inflation in the euro area. An inflation …

The paper examines a wide variety of models forecasting inflation, consumer survey, professional survey, judgmental … mark a return to inflation below central bank targets, but there is no visibility for timing of this development …

Market-based measures of inflation expectations can be derived either from the difference between yields on nominal and … inflation-linked government bonds or from inflation swap rates. These measures are important indicators of the outlook for … inflation and are monitored regularly by the United Kingdom's Monetary Policy Committee (MPC), alongside other measures of …

Acting in parallel with changes in Thailand's inflation dynamics, the fall in inflation and inflation variability is a … important role in changing the dynamics of inflation in Thailand. It also shows that the country's monetary policy has been … effective in helping to keep inflation low and stable via well anchored long-run inflation expectations.Full Publication: 'http …

For the first time in the literature, this paper uses survey-based measures of inflation expectations to examine the … relationship between inflation and relative price variability (RPV). Using quarterly consumer price index data for 74 consumption … expected and unexpected inflation on RPV. Both headline and core inflation measures are used. The results show a statistically …

We introduce a new measure called Inflation-at-Risk (I@R) associated with (left and right) inflation tail risk. We … estimate I@R using survey-based density forecasts. We show that it contains information not covered by usual inflation risk … indicators which focus on inflation uncertainty and do not distinguish between the risks of low or high future inflation outcomes …