The relationship between inflation and inflation uncertainty is investigated in Nigeria from 1960m1 to 2020m5. GARCH … model are used to generate a measure of inflation uncertainty and then Granger methods are employed to test for causality … between average inflation and inflation uncertainty.We go further than previous studies in this country,as we (i) use a recent …

Since 2013 the inflation rate in the euro area has fallen steadily, reaching all-time lows at the end of 2014. Market …-based measures of inflation expectations (such as inflation swaps) have also declined to extremely low levels, which suggests … increasing concern about the credibility of the ECB in maintaining price stability. Inflation releases have often surprised …

The persistence property of inflation is an important issue for not only economists, but, especially for central banks …, given that the degree of inflation persistence determines the extent to which central banks can control inflation. Further …, not only is the level of inflation persistence that is important in economic analyses, but also the question of whether …

We test for bias and efficiency of the ECB inflation forecasts using a confidential dataset of ECB macroeconomic … quarterly projections. We investigate whether the properties of the forecasts depend on the level of inflation, by … distinguishing whether the inflation observed by the ECB at the time of forecasting is above or below the target. The forecasts are …

Inflation persistence or ‘inertia’ has important consequences for monetary policy. Inflation which does not get … influence on inflation persistence by its credibility and responses in the face of inflationary shocks. In this study, we use a … flexible, time-varying parameter approach to analyze inflation persistence in the United Kingdom and United States during 1880 …

Central to monetary policy is the concept of trend inflation to which actual inflation outcomes are expected to … converge after short run fluctuations die out. Accordingly, the inflation target needs to be fixed in alignment with trend … inflation to avoid unhinging inflation expectations and flattening the aggregate supply curve or imparting a deflationary bias …

This paper addresses some issues concerning the definition and measurement of inflation persistence in the context of … assumption for the long run level of inflation and that such long run level should be allowed to vary through time. Second, a non …-parametric measure of persistence is suggested which explores the relation between persistence and mean reversion. Third, inflation …

In the paper we propose a new methodological approach to core inflation estimation, based on a frequency domain … principal components estimator, suited to estimate systems of fractionally cointegrated processes. The proposed core inflation … measure is the scaled common persistent factor in inflation and excess nominal money growth and bears the interpretation of …

We propose to regard the central banker as a risk manager who aims to contain inflation within pre-specified bounds. We …