In the past five years, the inflation in the euro area has been well below the European Central Bank’s (ECB) aimed … inflation rate of close to but below two percent for achieving its objective of price stabilization in the medium term. The … present analysis shows that expectations of low inflation, rising cyclical unemployment, and external factors such as low …

This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017 …-looking dynamics and a better anchoring of inflation expectations, consistent with the improvements in monetary policy frameworks in …

This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in …, we construct an empirical model of the Spanish economy and, in this context, we evaluate the long-run inflation …

model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …

-run inflation-unemployment tradeoff. …

This paper studies uncertainty using the ECB Survey of Professional Forecasters' data. We consider both inflation and … are based on subjective probability distributions of survey respondents. Our analysis indicates that individual inflation … inflation uncertainty has a negative impact on economic activity by decreasing output growth and increasing inflation and …