changes in inflation rates, but, possibly, also to investors' behavior. Secondly, we show that the special US dollar status of …

changes in inflation rates, but, possibly, also to investors' behavior. Secondly, we show that the special US dollar status of …

and public information when building inflation expectations in Brazil. The main results are: (i) forecasters attach more …

In this paper we explore the role that exchange rate interventions may play in determining inflation expectations in … Chile. To that end, we consider a set of nine deciles of inflation expectations coming from the survey of professional …

In this paper we explore the role that exchange rate interventions may play in determining inflation expectations in … Chile. To that end, we consider a set of nine deciles of inflation expectations coming from the survey of professional … a significant, but relatively short-lived, impact on the distribution of inflation expectations at long horizons. On the …

uncorrected, must cause inflation, but the imbalance may get corrected in the future with some probability. By maintaining price …

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 … change associated with the start of EMU in 1999. The main findings are as follows. Steadystate inflation and inflation … can achieve lower inflation uncertainty by lowering the inflation rate. …