Showing 1 - 10 of 1,891
This paper reinvestigates the performance of trimmed-mean inflation measures some 20 years since their inception … measures in forecasting headline inflation. …
Persistent link: https://www.econbiz.de/10010251647
Survey-based expectations are mostly used by monetary authorities for inflation forecasts and evaluation of the … credibility of their inflation fighting policies. It is also an important link in the monetary policy transmission mechanism. This … study examined the predictive ability of business expectations survey (BES) inflation index on movements of inflation as …
Persistent link: https://www.econbiz.de/10011473533
Persistent link: https://www.econbiz.de/10013270502
patterns in economic activity and inflation following oil price shocks in the euro area. In the normal regime, oil price shocks … followed by sizeable and sustained macroeconomic fluctuations, with inflation and economic activity moving in the same … direction as the oil price. The responses of inflation expectations and wage growth point to second-round effects as a potential …
Persistent link: https://www.econbiz.de/10011771984
Historians have suggested there were waves of inflation or price revolutions in the UK (and earlier England) in the 13 …th, 16th, and 18th centuries, prior to the ongoing inflation since 1914. We study retail price inflation since 1251 and … volatility. The long-horizon forecasts suggest only one inflation wave, that of the 20th century. We also use the model to …
Persistent link: https://www.econbiz.de/10012490912
Central bank surveys frequently elicit households' probabilistic beliefs about future inflation. The responses provide … only a coarse picture of inflation beliefs further away from zero. Using data from the Bundesbank household panel, we show … that the current high-inflation environment induces respondents to allocate considerable probability to the rightmost open …
Persistent link: https://www.econbiz.de/10013483001
Persistent link: https://www.econbiz.de/10014288359
for future inflation for the cross section of New EU Member States. This paper provides stylized facts on monetary versus … non-monetary (economic and fiscal) determinants of inflation in these countries as well as formal econometric evidence on … predicting inflation at longer (3-year) horizons. -- Inflation forecasting ; leading indicators ; monetary policy ; information …
Persistent link: https://www.econbiz.de/10003831802
on the PPI seems to be useful to improve forecasts of CPI inflation. In particular, CPI inflation responds significantly …
Persistent link: https://www.econbiz.de/10003909582
theoretical predictions and simulations are corroborated when forecasting aggregate US inflation pre- and post 1984 using … disaggregate sectoral data. - Aggregate forecasts ; disaggregate information ; forecast combination ; inflation …
Persistent link: https://www.econbiz.de/10003971045