Artículo de revista ; This article analyses the link between the changes in and the drivers of inflation in a broad … range of advanced economies, with special emphasis on those of the euro area. Inflation rates are seen to be highly … common monetary policy. Also, the comovement of inflation is found to be a phenomenon that tends to be more visible in the …

resolver este problema ; In this paper we look at global inflation trends over the last decade and try to disentangle factors … that could explain the ultra-low levels of inflation during the recovery from the Great Recession. We review the literature … inflation’s reduced cyclical sensitivity to domestic economic slack, a bigger role being played by forward-looking inflation …

average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF and Consensus … Economics compared to their counterparts that do not. The gains in forecast accuracy from incorporating inflation expectations … countries). The analysis is undertaken for headline inflation and inflation excluding energy and food and both point and density …

This study addresses the potential trade-off between inflation and exchange rate targeting in former transition … (EMU). Among this group of countries, some implemented inflation targeting regimes. These countries may face increasing …). Against this background, the study analyzes the choice of inflation targets using panel data techniques (Chapter 2), the (de …

information content of alternative inflation expectations measures, including those from consumers, firms, experts and financial … varies substantially across inflation expectations measures. In particular, we find that those from consumers and firms are … better at predicting inflation if compared to those from experts and, especially, those from financial markets. …

the model as the key factor in explaining the muted responses of inflation to movements in the output gap witnessed …

The New Keynesian Phillips Curve (NKPC) is now the dominant model of inflation dynamics. In recent years, a large body …

percentage points, with roughly constant inflation. This change has been more pronounced than elsewhere. We argue that this stems … the fall in unemployment since 1995 would have led to an annual increase in inflation of 2.5 percentage points if it had …