The present paper uses survey data on expected consumer price developments to analyse the role of inflation … expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short …

, to assess the Phillips curve's ability to explain inflation dynamics over a wide variety of circumstances, over the 150 … years of the country's history. In Italy, the relation linking inflation with the cyclical situation in the economy emerged …

The theme of this paper is whether there was a textbook-like inflation-output tradeoff in post-WWII Italy. We estimate … both standard and time-varying parameter models of the relationship between inflation and the level of real economic … at protecting wages from inflation. These two institutions contributed to the persistent inflation bias and macroeconomic …

We investigate the dynamics of core inflation in Italy, with a special focus on the period of low inflation after 2014 … significant trade-off between core inflation and economic activity is observed, especially when measures of slack are derived from … labour market variables. Second, financial indicators can help to better characterize the dynamics of core inflation. Third …

We investigate the relevance of the Carroll's sticky information model of inflation expectations for four major … European economies (France, Germany, Italy and the United Kingdom). Using survey data on household and expert inflation … expectations we argue that the model adequately captures the dynamics of household inflation expectations. We estimate two …

professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …