This paper summarises ongoing work that investigates the pass-through from shorthorizon and long-horizon inflation forecasts as a way to assess the anchoring of inflation expectations across a sample of 44 economies. It reports an overall decline in the pass-through, with the share of economies...

The objective of Basilio and Cacnio's paper is to examine the link between the distribution of relative price (rp) changes and short-run inflation (π) for the Philippines between 1994 and 2019. The authors follow the approach of Ball and Mankiw (1995), who focus on higher-order moments such as...

The paper uses disaggregated price data to determine whether the higher moments of the distribution of relative price changes provide information on the adjustments and persistence of aggregate price conditions in the Philippines. It takes into account the changes that occurred in relative price...

Using a large panel of firm survey data from Japan (Tankan survey), we provide micro evidence of strategic complementarity in firms' price setting. We find that a firm's price adjustment is affected by its competitors' pricing behaviour and that this adjustment is larger when the firm is...

Kamber et al (2020) investigate possible changes in the driving forces of inflation for a panel of 47 advanced and emerging market economies over a sample period from 1996 to 2018. Overall, the results support an open economy hybrid Phillips curve model of inflation with increased weight on...

We investigate the effects of aging on inflation through the labour market. More specifically, we question whether the weakness of wage inflation over the last decade reflects, at least partially, the increase of labour supply by baby boomers.The post 2013 recovery of advanced economies has not...

In this paper, James investigates the evolution of the degree of the pass-through of short-term inflation forecasts to long-term inflation forecasts by using professional forecaster survey data and finds the anchoring of inflation expectations is stronger in many of the sample economies in...

This paper investigates how the investment in robots affects labour market variables such as productivity, wages and employment, and vice versa. It contributes to this important subject in two ways. First, it enlarges the panel data set that encompass 29 industries and 33 countries by including...