We investigate whether fluctuations in U.S. inflation rates are better described by infrequently occurring large shocks … U.S. inflation rates, recognizing the distinction between frequent small shocks and infrequent large shocks does not …

We propose a new measure of underlying inflation that provides real-time information on asymmetric risks in the outlook … for inflation. The asymmetries are generated by nonlinearities induced by economic activity. The new indicator is based on … additional advantages. First, it is able to swiftly infer abrupt changes in underlying inflation. Second, it helps track turning …

We propose a new measure of underlying inflation that informs, in real time, about asymmetric risks on the outlook of … and has several additional advantages. First, it is able to swiftly infer abrupt changes in underlying inflation. Second …, it helps to timely track turning points in underlying inflation. Third, the proposed indicator also has a satisfactory …

model the U.S. inflation rate via the Sorenson-Alspach recursions. Even after removing state-contingent heteroskedasticity … accounts for outliers and level shifts better, provides tighter estimates of trend inflation, and gives more realistic …

We investigate the relationship between inflation uncertainty and monetary policy transmission in the U.S. economy … through the external finance premium and the term structure of interest rates appears strongly dependent on inflation …

, the long-term interest rate and the inflation rate (INF) rise as a result of a positive OP shock. The unanticipated … changes in these macroeconomic variables threaten the economic stability of Pakistan; specifically, higher inflation and …