-economic environment? In this paper, we make use of a natural experiment to analyse the role of inflation experiences and institutions in … the formation of individual inflation preferences. In particular, we exploit the division of post-war Germany to … investigate to what extent the factual non-experience of inflation and 40 years of Communism have affected inflation preferences …

The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …

The welfare costs of inflation and inflation uncertainty are well documented in the literature and empirical evidence … inflation and inflation uncertainty in Egypt using monthly time series data during the period January 1974 - April 2015. To … endogenously control for any potential structural breaks in the inflation time series, Zivot and Andrews (2002) and Clemente …

The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …

This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …

This paper studies the importance of money for inflation in the euro area. An inflation equation is derived from a … small model that combines the supply and demand for money with a Phillips curve and the assumption that inflation … expectations develop adaptively. The model's solution attributes an impact on inflation not to actual money growth but to its core …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … euro area, and investigates their linkages in a VAR framework, also allowing for the possible impact of the policy regime … change associated with the start of EMU in 1999. The main findings are as follows. Steadystate inflation and inflation …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … euro area, and investigates the linkages between them in a VAR framework, also allowing for the possible impact of the … policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and …

We use parametric power ARCH models of the conditional variance of inflation to model the relationship between … inflation and its uncertainty using monthly data for Germany, the Netherlands and Sweden over a period ranging from 1962 to 2004 ….For all three countries inflation significantly raises inflation uncertainty as predicted by Friedman. Increased …

This paper reinvestigates the performance of trimmed-mean inflation measures some 20 years since their inception …, asking whether there is a particular trimmed-mean measure that dominates the median consumer price index (CPI). Unlike … measures in forecasting headline inflation. …