The paper examines a wide variety of models forecasting inflation, consumer survey, professional survey, judgmental … mark a return to inflation below central bank targets, but there is no visibility for timing of this development …

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 …

monetary and credit aggregates are very often selected among the top predictors of inflation, with their predictive power … and credit variables in forecasting inflation, even if their information content is diluted in a much broader pool of …

that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central … bank precommits by setting the policy instrument, and the subsequent adjustment of inflation expectations is part of the … transmission mechanism. Generally there is still an inflation bias, despite the absence of a time-inconsistency problem. It is …

that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central … bank precommits by setting the policy instrument, and the subsequent adjustment of inflation expectations is part of the … transmission mechanism. Generally there is still an inflation bias, despite the absence of a time-inconsistency problem. It is …

Inflation targeting has been adopted in a set of emerging economies, including eight countries in Latin America. The … take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter …

Recent literature suggests that the co-movement of inflation is rather strong across countries. We use a factor model … according to their inflation history. Results indicate that the monetary policy regime is a very important source of the … the Hungarian inflation. We find that Hungary, similar to other countries in the region, experienced a disinflation period …

Inflation in Israel has been below the inflation target for over two years now and inflation expectations at short … horizons have followed actual inflation to below the target. The low inflation outturns are the result of sharp, negative … domestic policy mandated price declines. A number of other countries are also experiencing below-target inflation. This paper …

This paper studies the importance of money for inflation in the euro area. An inflation …

low-inflation policies that have been adopted by a number of central banks in recent years. This credibility problem is … particularly severe for those countries that have a history of high inflation. Gaining credibility is often viewed in the context … aspect of credibility--at least for long-term inflation expectations--may be public views about how future changes in …