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 …. By contrast, incorporating expectations derived from financial market prices or those of firms and households does not …

the way these expectations are formed. Using a new approach for modeling forecast errors in a structural way, we show that … explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …This thesis is a collection of papers that use survey data to analyze expectations about macroeconomic variables and …

context of a model in which these agents form their expectations on the basis of simple forecasting rules. The approach used …Artículo de revista ; This article analyses agents’ perception of the period of low inflation in recent years, in the … allows a distinction to be drawn between which portion of the low inflation phenomenon might be due to temporary factors and …

Central Bank’s Consumer Expectations Survey. The analysis shows that the upward revision to household inflation expectations …Artículo de revista ; This article examines the impact that some recent events (specifically, the surge in inflation … rates and the war in Ukraine) are having on Spanish households’ economic expectations, using information from the European …

persistence of inflation and the increased importance of backward-looking inflation expectations in some countries may pose risks … 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 …

expectations, the degree of slack in the economy and other inflation pressures, domestic and external alike. On the information … domestic factors particularly eased, with a notable reduction in inflation expectations … the Spanish economy. On the basis of these variables, composite indicators are calculated that proxy inflation …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …’s strategy in its struggle against low inflation, focusing in particular on the reasons that led it to adopt the interest rate …

introduced in response to the pandemic; and third, a possible de-anchoring of medium-term inflation expectations. In any event …Artículo de revista ; Global inflation rates have increased since early 2021, especially in the United States, where … there has been an upward surprise in recent months. Part of the US inflation increase is due to a statistical phenomenon …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …

, supply-side shocks (related to energy, food and bottlenecks) have played a major role in recent inflation developments in the … Spanish economy. Second, now that these supply shocks have been absorbed, labour market tightness is becoming more important … as a determinant of inflation, with an effect that could be more persistent in the future. ; El reciente episodio …