costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …

The failure to predict the surge in inflation in 2021 raises questions about whether we are better equipped to … anticipate a future decline in inflation. What tools do we intend to use for predicting the trajectory of inflation? Are we still … primarily relying on survey data regarding inflation expectations, and are we still employing a Calvo-type structure to model …

increase according to trends in productivity and the target inflation rate of the central bank. Wage developments without …