stability. Using local projections, this paper investigates the effects of commodity price shocks on inflation. We estimate … countries. Our analyses show that the effects of commodity price shocks on inflation are transitory. While the effect on the … transition autoregessive models that use the past inflation rate as the transition variable, we also explore the possibility that …

This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery … the slowdown and later the weak pace of the recovery – errors made by many other forecasters. At the same time, inflation …<BR>Ce document évalue les projections de l'OCDE relatives à la croissance du PIB et à l'inflation durant la crise financière mondiale …

fluctuations of output gap, however constructed or measured, are a good predictor of inflation in the UAE. This is carried out by … inflation in the UAE. …

This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed … from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation … Search Index (GISI) is assessed relative to 37 other indicators of inflation expectations – 36 survey measures and the TIPS …

For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey … models of forecasting inflation, the data are low frequency measures which appear anachronistic in the modern era of high … frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many …

A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation … relationships between the studied variables demonstrates the superiority of the latter. The cumulative inflation curve or inflation …

This paper computes the welfare costs of inflation in an estimated dynamic stochastic general equilibrium model of the … U.S. economy. Both steady state and transitional welfare results are reported. I find that a 10 percent inflation …

, however, show that the explanatory content of the SVAR measure with regard to the acceleration of inflation exceeds that of …

This paper considers a sticky price model with a cash-in-advance constraint where agents forecast inflation rates by …