The present paper uses survey data on expected consumer price developments to analyse the role of inflation … expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short …

between exchange-rate regimes and consumer price index (CPI) inflation performance. Our results suggest that those countries … with flexible exchange-rate regimes are characterized by higher CPI inflation rates, while the smaller CPI inflation rates … records of CPI inflation rates. These findings are maintained when we analyze the countries using the World Bank …