Using daily data stemming from inflation-indexed markets, we analyse the effects of numerous macroeconomic surprises on … inflation compensation data - the sum of inflation expectations, risk and liquidity premia - in the euro area between 2 January … 2004 and 31 December 2007. Our results suggest that when gauging short and medium-term inflation compensations, market …

We provide a new perspective on disagreement in inflation expectations by examining the full probability distributions … of UK consumer inflation forecasts based on an adaptive bootstrap multimodality test. Furthermore, we compare the … inflation forecasts of the Bank of England's Monetary Policy Committee (MPC) with those of UK consumers, for which we use data …

for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of … inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated … the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

whereas the other type of agents cannot. If the sales tax is perfectly substituted by the inflation tax, then there is no way …

Although there is a well-established theoretical literature that links central bank (CB) reputation with inflation … tests the impact of reputation on inflation-unemployment performance using a novel set of data on CB reputation - an annual … reputation is a significant determinant of inflation: the results of an FE panel and Arellano-Bond difference GMM model show that …

private sector inflation forecasts. But beyond the optimum people might: (1) start to attach too much weight to the … deteriorates the (perceived) quality of private sector inflation forecasts. Inflation then is set in a more backward looking manner … resulting in higher inflation persistence. By using a panel data set on the transparency of 100 central banks we find empirical …

The inability of central banks to attain their target inflation rates in recent years has raised questions about the … extent to which central banks can control the inflation process. This paper discusses the evolution of thought and evidence … since the 1960s on the determinants of inflation and the role that should be played by central banks. The paper highlights …

Many central banks release inflation forecasts to reduce uncertainty; at the same time, an increasing number rely on a … publicly stated medium-term inflation target to help anchor expectations. We examine how the adoption of an inflation target … (IT) by a major central bank, the Bank of Japan (BOJ), influenced the impact of its inflation forecasts on private sector …

independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country's inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …