The present paper compares expected inflation to (econometric) inflation forecasts based on a number of forecasting … expected inflation we develop a recursive filtering algorithm which extracts unexpected inflation from real interest rate data …, even in the presence of diverse risks and a potential Mundell-Tobin-effect. The extracted unexpected inflation is compared …

We define the Fisherian Golden Rule measure of bond market inflation expectations as the difference between bond rates … and trend real GDP growth rates. The concept is based on the Fisherian theory that an increase in longer-term inflation … rates of interest would equal the growth rate of real output. We compare the bond market inflation experiences of 13 …

Establishing the external validity of experimental inflation forecasts is essential if laboratory experiments are to be … used as decision-making tools for monetary policy. Our contribution is to document whether different measures of inflation … information, suggesting the presence of some form of bounded rationality or information imperfections. Finally, lagged inflation …

This paper applies ARDL and Nonlinear ARDL models to long-term inflation targeting policy mechanisms in the United … States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations in the two countries … changes on inflation expectations, and further provide a theoretical basis for the empirical results. We use data from 2010 to …

We define the Fisherian Golden Rule measure of bond market inflation expectations as the difference between bond rates … and trend real GDP growth rates. The concept is based on the Fisherian theory that an increase in longer-term inflation … rates of interest would equal the growth rate of real output. We compare the bond market inflation experiences of 13 …

Economists and policymakers believe that households’ and firms’ expectations of future inflation are key determinants … of actual inflation. This paper applies the ARDL model and nonlinear ARDL model to long-term inflation-targeting policy … mechanisms in the United States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations …

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …

, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …