indirectly, inflation: the PPP and the Phillips curve ones. In order to accomplish this task, this contribution applies the tools … inflation generating process. This research strategy allows to conclude that inflation is characterized by a low degree of …

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 …