small set of simple bivariate closed-loop time-series models for the prediction of price inflation and of long- and short … evaluation of predictive accuracy, we subject all structures to a mutual validation using parametric bootstrapping. Ultimately …

. This model decomposes the changes in original inflation series as two new series: increases and decreases in inflation … rates. Hence, it enables us to examine the Fisher effect in terms of increases and decreases in inflation separately. The …

This paper evaluates the properties of nominal interest rates as indicators of inflation expectations. Are they … sets. The results show that the interest rate level is a reasonably good indicator of the level of inflation expectations …. However, changes in interest rates are poor indicators of changes in inflation expectations …

Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at … other countries, thus implying that the fraction of inflation’s long-run variation explained by long-run money growth has … correspondence with the inflationary outbursts associated with World War I and the Great Inflation–but not World War II …

Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at … other countries, thus implying that the fraction of inflation's long-run variation explained by long-run money growth has … cause, ceteris paribus, comparatively much larger decreases in the gain between money growth and inflation at ù=0 than in …

Over the last two centuries, the coherence between either narrow or broad money growth and inflation at zero has … that the fraction of inflation's long-run variation explained by long-run money growth has been very high and relatively … outbursts associated with World War I and the Great Inflation - but not World War II - whereas following the disinflation of the …

We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the … inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between … discounts grew at a much lower average rate than regular prices, helping to mitigate the inflation burden. By contrast …

most recent decade, associated with the introduction of an inflation-targeting regime, has been significantly more stable … than the previous post-WWII era. For real GDP growth, and for three measures of inflation, break dates are identified at … around the time of the introduction of inflation-targeting, in October 1992. For all four series, the estimated innovation …