Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …

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 … Research, Federal Reserve Bank of St. Louis. Annual data for thirteen countries revealed three long up trends and down trends … in inflation that were matched by growth rates in M2 and nominal GDP but not real GDP in each country and cross …

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 …

such as the shortterm nominal interest rate, annual inflation and output. …

supplies, outputs, inflation rates and interest rates. Nonetheless, it has been well documented that such variables little help …

model where the central bank follows a strategy directed at maintaining price stability. It is shown that the behaviour of …