The rational expectations hypothesis for survey and model-based inflation forecasts − from the Survey of Professional … data. The finding of near-unit-root effects in the inflation and inflation expectations series motivates the use of a local …-to-unity specification of the inflation process that enables us to test whether the data are generated by locally non-stationary or …

the adverse impact of food inflation. …

price shocks, gives a useful opportunity to better understand the structure of inflation in these economies. Analysis of the … inefficiencies on the supply side perpetuate inflation. Procyclical policy amplifies the negative impact of supply shocks on output …. Inflation surges are reduced at high output cost while propagation mechanisms and well-intentioned administrative interventions …

This paper presents the evolution of the consumer prices, which in turn is a measure if the inflation. By using …

This paper quantitatively evaluates a steady-state inflation rate that is considered desirable from the perspective of … costs and benefits that accompany inflation. We build a model capable of evaluating the effects, on social welfare, of … social loss with different steady-state inflation rates. We also analyze the range of changes in the steady-state inflation …

of Japan's economy, including inflation dynamics, the zero lower bound on nominal interest rates, linkages with overseas …

recession cycles for the inflation targeting (IT) period in Turkey, from 2002:M1 to 2012:M10, by using a co-integrating non …-run relationship between nominal exchange rate and domestic inflation rate. According to alternative calculations of depreciation and …