interest rates, exchange rate growth, and inflation. We then decompose the Swiss long-term interest rate trend into various … decline in the level of inflation. Comparing Switzerland with the rest of the world, we show that while Swiss real interest … connection between inflation risk and the Swiss term spread, as well between relative inflation risk and the difference between …

Using a new survey of French firms' inflation expectations that predates the inflation spike, we document i) evidence … on the anchoring of inflation expectations during the inflation surge, and ii) the relevance of inflation expectations … for firms' decisions. First, we show that inflation expectations under-responded to the initial surge but then …

This paper empirically compares sticky-price and sticky-information Phillips curves considering inflation dynamics in … six countries (US, UK, Germany, France, Canada, and Japan). We evaluate the models‘ abilities to match empirical second … moments of inflation. Under baseline calibrations, the two models perform similarly in almost all countries. Under estimated …

that central banks may be too aggressive at fighting inflation. Encompassing tests are therefore required to select the …