Low and unresponsive inflation has been termed a “puzzle.” The paper describes a formula for which these conditions … variability of forward long-term inflation. Its U.S. inflation forecasts are comparable to recognized leaders in accuracy with … potential applicability to international economies as well.Inflation Elasticity, the responsiveness of inflation to monetary …

safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has … changed central banking in many ways: by shifting the focus of monetary policy from fighting too high inflation towards … fighting too low inflation; by prompting new ‘experimental’ non-conventional measures, which risk to cause large, long …

presented herein provide the first empirical evidence that macroprudential transparency can aid to achieve stable inflation in … record a particular advantage of macroprudential transparency for non-inflation targeting countries. Overall, the results are …

inflation stabilization and balanced growth objectives. The challenge in meeting these objectives further increased in the mid …