The aim of this paper is to estimate the changeover's inflationary impact in Italy and Milan and make an assessment of … the official methodology used by the National Institute of Statistics (ISTAT). The changeover's inflationary impact has … the accuracy of the short mn inflation measurement. We estimate that the prices collected monthly at the local leve1 …

In this paper, we present a new indicator to measure the media coverage of inflation. Our Inflation Perception … inflation perception over time. Methodically, the IPI makes use of RollingLDA, a dynamic topic modeling approach refining the … inflation perception indicator as well as for specific topics to analyze time-varying correlations with time series for …

This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed … from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation … Search Index (GISI) is assessed relative to 37 other indicators of inflation expectations – 36 survey measures and the TIPS …

For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey … models of forecasting inflation, the data are low frequency measures which appear anachronistic in the modern era of high … frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many …

I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of … inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused … on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the …

In this paper, we present a new indicator to measure the media coverage of inflation. Our Inflation Perception … inflation perception over time. Methodically, the IPI makes use of RollingLDA, a dynamic topic modeling approach refining the … inflation perception indicator as well as for specific topics to analyze time-varying correlations with time series for …

The purpose of the present paper is to study how households form inflation expectations. Using a novel survey …-base dataset of Italian households' opinions of inflation we investigate two separate, but related, types of behavior …: 'inattentiveness' and 'anchoring'. The present analysis extends the existing literature by incorporating explicitly inflation targets …

At the moment of the euro cash changeover, inflation perceptions in the euro area deviated from measured inflation, and … data model. Inflation perceptions are found to be highly persistent (the autoregressive term is large and statistically … found not to explain inflation perceptions better than does the all-items HICP index. As suggested by psychological …

This paper studies firms' price-setting decision during a currency changeover. Buyers' difficulties with the new … 2002 changeover in the European Monetary Union are less likely to rise in larger and non-tourist restaurants, especially …

We find strong econometric support for a break in the relationship between perceived and HICP inflation in the euro …