economy. Romer and Romer (2000) found that the Fed reveals information about inflation when it tightens monetary policy. Their … exclude the Fed's revelation of its asymmetric information about future inflation. …

This paper formalizes the process of updating the nowcast and forecast on output and inflation as new releases of data … Philadelphia surveys have a large marginal impact on the nowcast of both inflation variables and real variables and this effect is … sizeable. Prices and quantities affect the precision of the estimates of inflation while GDP is only affected by real variables …

In this paper we incorporate the term structure of interest rates in a standard inflation forecast targeting framework ….We find that under flexible inflation targeting and uncertainty in the degree of persistence in the economy, allowing for …

natural rate and large real-time errors in estimates of the natural rate uprooted heretofore quiescent in inflation … inflation expectations would have remained anchored and the stag inflation of the 1970s would have been avoided. Indeed, we find … that less activist policies would have been more effective at stabilizing both in inflation and unemployment. We argue that …

private learning and misperceptions of natural rates call for greater policy inertia, a more aggressive response to inflation …

not need to be decreased as much and inflation turns out to be much higher than if no QE interventions were implemented …

the ten countries, the United Kingdom has conducted inflation targeting most in line with the theory of rational …In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as … conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future …

survey data in the US Phillips curve, where the output gap plays a significant role but lagged inflation plays none. …