The purpose of the present paper is to investigate the structure and dynamics of professionals' forecast of inflation … multi-period forecast and, thereby, the expected momentum of inflation. Using number survey-based data for the US and UK, we …

This letter uses consumer survey data to estimate expectations-augmented Phillips curves with inflation expectations … disaggregated by socioeconomic and demographic groups. The inflation expectations of high-income, college-educated, male, and … working-age people play a larger role in inflation dynamics than do the expectations of other groups of consumers or of …

between inflation and real output have been developed. Since these new Phillips curve models are expressed in terms of …

Our paper analyzes the effects of restrictions on capital mobility on the output-inflation trade-off. Using a … capital mobility should make the trade-off parameter smaller; that is, a given change in the inflation rate should be … output-inflation trade-off parameter are obtained from studies by Lucas (1973), Ball, Mankiw and Romer (1988) and others …

volatility turns out to be positive, and there is no important relationship between inflation and volatility. The main policy …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …

Analysis Network (PRISMA) for inflation dynamics and monetary policy, relying on calibrated models and direct empirical …. Empirical estimates of the Phillips curve during the low-inflation period confirm previous findings of a relatively flat but … setting, changes in trend inflation above 5-6% would have significant effects on the euro area Phillips curve. Similarly …

. “Rents” in the CPI have jumped up by as much as 35% in certain quarters, hugely overestimating the true inflation. This … vitiates any use of the core CPI for monetary policy including inflation targeting. This will-o’-wisp that the RBI chased, had …