-tradables account for 63% of the CPI basket, of which housing accounts for 39% of the total. Further, inflation of tradables (37% of the … therefore, the Central Bank of the UAE (CBUAE) does not anchor the inflation target. Moreover, inflation in the UAE moves for … CPI basket) moves with developments in the nominal effective exchange rate (NEER), largely attributed to bilateral …

their overall short-term inflation expectations. This finding provides some formal evidence that the CPI based inflation …Empirical inferences about particular forms of agents' inflation expectations are crucial for the conduct of monetary …' inflation expectations. The paper shows that survey respondents do not form expectations rationally, regardless of the reference …