, Malaysia). Among countries with inflation below target, in those with trend inflation low but constant (Australia, New Zealand …Trend inflation estimates for 12 of the largest Asian economies over 1995-2018 offer important insights on inflation … dynamics and inflation expectations. The disinflationary shocks that hit the region since 2014 were partly transitory, but …

This paper analyzes the time-varying credibility of the Fed's inflation target in an empirical macro model with … asymmetric information, where the public has to learn about the actual inflation target from the Fed's interest rate policy. To …-term inflation expectations of professionals with the perceived inflation target. …

A knowledge of the level of trend inflation is key to many current policy decisions, and several methods of estimating … trend inflation exist. This paper adds to the growing literature which uses survey-based long-run forecasts of inflation to … estimate trend inflation. We develop a bivariate model of inflation and long-run forecasts of inflation which allows for the …

appointment of Volcker marked a change in the conduct of monetary policy, but inflation dropped only when fiscal policy … accommodated this change two years later. In fact, a disinflationary attempt of the monetary authority leads to more inflation if … been confident about the switch, the Great Inflation would not have occurred and debt would have been higher. This is …

that costpush shocks play an important role in understanding historical changes in inflation persistence. …

This paper presents a preliminary simultaneous equation model capable of explaining New Zealand's post-war inflation … both tightly administered and effective. It is therefore reasonable to assume that New Zealand's rate of inflation and … monetary policy are somewhat independent of world inflation rates. Six dependent variables have been incorporated for this …

(Australia, Canada, and New Zealand) place somewhat different emphasis on inflation than on other factors (e.g., output gap). We …Stylized facts suggest that the monetary policies in the US versus dollar bloc countries that formally target inflation …