In general, central banks are concerned with keeping the inflation rate stable while also sustaining output close to an … efficient level. Under "inflation targeting", forecasts of the evolution of the general price level are an essential input for … policy decisions and these are usually released in quarterly "Inflation Reports". The costs and benefits of transparency in …

inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

and persistence, especially in the case of CPI. Since the two variables have different degrees of integration in each of …

This chapter examines the concept of inflation persistence in macroeconomic theory. It begins by defining persistence … persistence from the literature on imperfect information models, learning models, and so-called “trend inflation models … — emphasizing the difference between reduced-form and structural persistence. It then examines a number of empirical measures of …

model together with long memory are used to examine these features in inflation series for three economies. The results … which compares favourably with that of van Dijk et al. (2002) elicit some interesting attributes of inflation in the …

Inflation expectations are key to economic activity, and in the current economic climate of a heated labor market, they … therefore individual behavior, may not be sensitive to changes in inflation when it is low. This paper explores evidence of such … inflation expectations. Exploring inflation thresholds of 2, 3, and 4 percent, our findings are consistent with the inattention …

We investigate inflation persistence in six inflation targeting (IT) countries from the global-economy perspective …. This view maintains that inflation persistence in IT countries has declined mainly because of the decline of inflation …, for the countries that share common inflation persistence with Germany and the US, we examine whether the same long memory …