role in the determination of consumer prices in a high-inflation and a low-inflation regime, whereas oil prices and the … exchange rate only unfold an impact in a high-inflation regime. Taken together, these results can be seen as being of help for …

The uncertainty of U.S. core inflation, measured by the stochastic volatility of forecast errors, has soared to a level … increase after a positive shock to core inflation uncertainty in a vector autoregression. Endogenous changes in household … inflation expectations help to understand the transmission mechanism through which an inflation uncertainty shock generates …

techniques can help to improve the nowcast of monthly German inflation in real time. Our nowcasting exercise targets three … the lowest aggregation level underlying official German inflation, such as those of butter and coffee beans. We show that … demonstrate that these scanner-based price indices improve inflation nowcasts at this very narrow level, notably already after the …

advantages over the standard scale which is centered at zero inflation: First, they mitigate the impact of the central tendency … the need to adjust the scale when actual inflation falls outside the range for which the response scale was designed. Our …

inflation surge and derives projections for the future. In 2020, the Fed took the negative prescribed rates, which were far … clearly signaled the need for tightening because of the rise of inflation, yet the Fed waited until spring 2022 to raise the … federal funds rate. With the decline of inflation over the course of 2023, the rules' prescriptions have also come down. They …

underestimate the ECB's inflation forecasting accuracy. In particular, they believe that the ECB is overly optimistic. Communication … that challenges these perceptions improves the anchoring of inflation expectations, reduces inflation uncertainty and … discourages consumption of durable goods. Treated households also report higher trust in the ECB, perceive the ECB's inflation …