This paper examines the interaction of core inflation and inflation targeting as a monetary policy regime. Interest in … core inflation has grown because of inflation targeting. Core inflation is defined in numerous ways giving rise to many … potential measures; this paper defines core inflation as the best forecaster of inflation. A cross-country study finds before …

used to investigate the causal impact of LTV on house price inflation. State-space components such as local linear trend … price inflation. This contradicts the findings of two previous studies, which found a nearly 3 percentage point decrease in … national housing cost inflation following the implementation of LTV. This study's data and code are being made available for …

This paper uses microdata from the Reserve Bank of New Zealand's Household Inflation Expectations survey to obtain an … accurate read of households' true inflation expectations by studying how different demographic groups respond (or do not … respond) to the inflation expectations question in the survey. We find nonresponses lead to substantial underrepresentation of …