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 …

, supply-side shocks (related to energy, food and bottlenecks) have played a major role in recent inflation developments in the … as a determinant of inflation, with an effect that could be more persistent in the future. ; El reciente episodio …

, supply-side shocks (related to energy, food and bottlenecks) have played a major role in recent inflation developments in the … as a determinant of wage inflation, with a pass-through to prices that has been limited so far but that, if it …

I analyze the effect of search frictions on inflation dynamics, in a New Keynesian model where firms make both pricing … empirical performance along a number of dimensions. First, inflation becomes more persistent. Second, output responses to …

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 …