Inflation (PCCI), a measure of underlying inflation in the euro area. The PCCI reflects the view that underlying inflation … component of inflation. Methodologically, it relies on a generalised dynamic factor model estimated on a large set of … disaggregated HICP inflation rates for 12 euro area countries. For each individual inflation rate, we estimate a low …

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 …

show that for a group of Latin American inflation targeters the prescriptions from typical monetary policy rules are … inflation from target, suggesting this information is not accounted for in real-time policy decisions …

In this paper the long-run trend in RPI inflation (core inflation) for the UK over the 1961-1997 period is estimated …). In this context core inflation is directly linked to money and wage growth and interpreted as the long-run forecast of … inflation from a small-scale, cointegrated macroeconomic system …