In this study, we examine how the interaction between monetary policy and macroeconomic conditions affects inflation uncertainty in the long-term. The unobservable inflation uncertainty is quantified by means of the slowly evolving unconditional variance component of inflation in the framework...

Inflation has been off-target for some time in many economies, both advanced and emerging. Whereas advanced economies have mostly been experiencing inflation below target, the experience among emerging market economies has been more mixed. Inflation has been below target in several EMEs in Asia...

Intro -- Contents -- Acknowledgments -- Foreword -- 1 The Phillips Curve in Historical Context -- 2 Fifty Years of the Phillips Curve -- 3 Forecasting Inflation -- 4 The Labor Market and the Phillips Curve -- 5 Inflation Expectations -- 6 Evidence on Price Determination -- 7 Is the Phillips...

On 3 July 2015, SUERF organized its sixth joint conference with the Bank of Finland in Helsinki on the subject of liquidity and market efficiency. The one-day program consisted of an opening speech, six presentations, including three keynotes, and a lunchtime address. The present SUERF Study...