. “Rents” in the CPI have jumped up by as much as 35% in certain quarters, hugely overestimating the true inflation. This … vitiates any use of the core CPI for monetary policy including inflation targeting. This will-o’-wisp that the RBI chased, had …

-ante perspective, disaster risk behaves as a negative demand shock and lowers the natural rate and inflation, even if disasters hit … temporarily higher natural rate and inflation if supply-side effects prevail. If agents' risk aversion increases temporarily …, disasters may generate larger demand effects and lead to a lower natural rate and inflation. If supply-side effects dominate …

order to achieve their target inflation. However, using existing research, this paper demonstrates the decoupling of the … relationship between monetary policy and inflation. There are two complementary theories which explain this. First, the negative … interest rates drive people to save (or invest) rather than spend the money created through the asset purchase programs. The …

The purpose of this paper is to investigate the nature of professionals’ inflation forecasts inattentiveness. We …

slowdown in the United States caused much of the great inflation of the 1970s. They use the general equilibrium, sticky price … inflation during the 1970s can be attributed to this source …

interest rates, exchange rate growth, and inflation. We then decompose the Swiss long-term interest rate trend into various … decline in the level of inflation. Comparing Switzerland with the rest of the world, we show that while Swiss real interest … connection between inflation risk and the Swiss term spread, as well between relative inflation risk and the difference between …

ingredient to model. In fact, I found that the estimated premium is a very powerful predictor of inflation. It overcomes, in …

The global economy has witnessed many economic fluctuations and waves of inflation and recession. With the … consideration of achieving price stability as a primary goal of the economic policies, any attempt to eliminate inflation means …”, who developed the inflation/unemployment curve. After the emergence of the stagflation phenomenon, this relationship …

The paper integrates the two-pillar Phillips curve, which explains expected inflation by the money growth trend, within … distinguished from which one derives inflation expectations from money growth trend figures whereas the other builds rational … expectations by way of learning. The inspection of output and inflation variances show that a policy of reacting to excess money …

countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …