In this paper, we estimate trend inflation in Sweden using an unobserved components stochastic volatility model. Using … data from 1995Q4 to 2021Q4 and Bayesian estimation methods, we find that trend inflation has been well-anchored during the … period - although in general at a level below the inflation target - and it does not appear to have been affected much by the …

In this paper, we examine the time series properties of inflation in seven countries that have adopted inflation … targeting. Unlike previous studies, we utilize a non-linear mean reverting adjustment mechanism for inflation and we discover … that, although deviations of inflation from the target can exhibit a region of non-stationary behaviour, overall they are …

rate and the inflation rate. Our estimation method uses real-time data in these rates — as did the FOMC — and requires no a … response to a fluctuation in either the unemployment or the inflation rate depended strongly on the persistence of this …

rate and the inflation rate. Our estimation method uses real-time data in these rates - as did the FOMC - and requires no a … response to a fluctuation in either the unemployment or the inflation rate depended strongly on the persistence of this …