and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

. Adding inflation as a second variable, we uncover two states in which expected consumption growth is low, one with high and … one with negative expected inflation. Embedded in a general equilibrium asset pricing model with learning, these dynamics …

Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and … short and long-term impact of an exchange rate shock on inflation along the distribution chain in the presence of … have showed that the accumulated PT on inflation of import prices rises from 20% in the first month of the exchange rate …

money growth and inflation in the euro area, and propose a new core inflation measure which takes into account both features …. A comparison with other core inflation measures reveals that the proposed core inflation process is superior in terms of …

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 …

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 …