We use several US and euro-area surveys of professional forecasters to estimate a dynamic factor model of inflation … featuring time-varying uncertainty. We obtain survey-consistent distributions of future inflation at any horizon, both in the US … and the euro area. Equipped with this model, we propose a novel measure of the anchoring of inflation expectations that …

assume homogeneity in the monetary policy-inflation nexus, with dire consequences for optimal monetary policy and welfare …. Using wavelet-based quantile regressions, we provide a multi-layered asymmetric exposition on provincial inflation … quantiles. Our findings present enormous policy and welfare implications, given the inflation targeting status of South Africa …

monetary policy variables impact inflation, output, money supply, and the financial sector in India. Our results for the period … that monetary policy is more efficient in explaining the variations in inflation rather than stimulating output indicating …

This paper examines two issues. First, we compare, based on the ratio of output-gap variability to inflation … the introduction of an implicit inflation-targeting by the EMU member countries after the Maastricht Treaty changed the … trade-off between inflation variability and output-gap variability. We employ a stochastic volatility model for the whole …