sense that it understands and observes the process by which private sector inflation expectations are generated, and one in … which the central bank has to learn the private sector inflation forecasting rule.Here, the learning scheme we investigate … accommodates private sector inflation expectations) is no longer constant across the disinflation, but becomes state …

Abstract: This paper examines the nexus between news coverage on inflation and households' inflation expectations. In … disconnection between news on inflation, consumers' frequency of expectation updating and the accuracy of their expectations. Our …

constructed nonparametrically on the basis of partial sums.We apply this approach to the federal funds rate and the CPI inflation … the inflation rate is positively related to the nonlinear trend in the interest rate.This positive relation between … interest and inflation is known in the literature as the price puzzle. Thus, our result suggests that the price puzzle is due …

through 1998 the evidence in the paper suggests that CBI is unrelated to inflation during the early stages of liberalization …, legal CBI and inflation are significantly and negatively related.These findings are consistent with the view that legal CBI … slowing inflation down and the cumulative liberalization index developed by de Melo et. al.(1996) becomes relatively less …