equilibrium exists. We study the response differences in the dynamics of the inflation rate to changes in the mean and variance of … the Great Recession, in which the effects of greater model uncertainty may have played a role in keeping inflation rates …

This paper studies how inflation beliefs reported in the New York Fed’s Survey of Consumer Expectations have evolved … since the start of the COVID-19 pandemic. We find that household inflation expectations responded slowly and mostly at the … short-term horizon. In contrast, the data reveal immediate and unprecedented increases in individual inflation uncertainty …

After the introduction of a stabilization program Israeli inflation decreased from 400% in 1985 to 2% in 2013. This … process is defined by three clear steps of high, medium and low inflation. The break dates are in line with major economic …

We provide new insights on the formation of inflation expectations – in particular at a time of great financial and … answered a weekly questionnaire about their short-, medium- and long-term inflation expectations. Participants received common … information sets with data relevant to euro area inflation. Our analysis of survey responses reveals several interesting results …

We provide new insights on the formation of inflation expectations - in particular at a time of great financial and … answered a weekly questionnaire about their short-, medium- and long-term inflation expectations. Participants received common … information sets with data relevant to euro area inflation. Our analysis of survey responses reveals several interesting results …

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …

After the introduction of a stabilization program Israeli inflation decreased from 400% in 1985 to 2% in 2013. This … hypothesis that inflation moved in distinct steps characterized by constant levels with short-lived fluctuations around them … process is defined by three clear steps of high, medium and low inflation. The break dates are in line with major economic …

quot;Tanzi effect,quot; in which inflation tends to lower revenue collections. The model is estimated over the 1990 …

This paper examines whether high government debt levels pose a challenge to containing inflation. It does so by … assessing the impact of government debt surprises on inflation expectations in advanced- and emerging market economies. It finds … that debt surprises raise long-term inflation expectations in emerging market economies in a persistent way, but not in …

euro area M3 growth and model-based fitted or predicted values helps forecast euro area inflation. …