to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … method, implemented in order to estimate numerical measures of Polish consumer inflation expectations, based on the monthly …

The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost … growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the implicit inflation …. There is, however, some support in favour of the (reduced form) AWM inflation equation. It is the only model that …

Monitoring and forecasting price developments in the euro area is essential in the light of the second pillar of the … ECBu0092s monetary policy strategy. This study analyses whether the forecasting accuracy of forecasting aggregate euro area …) as opposed to forecasting the aggregate HICP directly. The analysis includes univariate and multivariate linear time …

the determination of inflation and output in the euro area and the existence of a non-vertical long-run Phillips curve …

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 …

u0093Bond Market Inflation Expectation and Longer-term Trends in Broad Monetary Growth and Inflation in Industrial …-country averages. Inflationary expectations as estimated by bond rates less real growth trends indicated little inflation expectation … as with ten-year averages, annual inflation was significantly related to annual M2 growth and inflationary expectations …

, monthly indicators. We examine in the context of univariate forecasting equations to what extent monthly indicators provide … quarter. For this purpose, we use time series models to forecast the missing observations of monthly indicators. We then …

that the cyclical position and the form of fiscal governance are major determinants of forecast biases. Projected changes …