This paper uses a "trendy" approach to understand UK inflation dynamics. It focuses on the time series to isolate a low …-frequency and slow-moving component of inflation (the trend) from deviations around this trend. We find that this slow-moving trend … explains a substantial share of UK inflation dynamics. International prices are significantly correlated with the short …

We investigate empirically the inflation dynamics in New Zealand, a small open economy and a pioneer in inflation …-economy Phillips curves under standard measures of global slack do not help forecast domestic inflation, possibly indicating … measurement problems with global slack itself. In turn, under a stable inflation target we still find that (i) global inflation or …

inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

) has been to raise inflation targets to provide more room for policy rate easing during crises. This paper addresses a … different issue: the relationship between inflation and welfare. The literature is surveyed and a model is developed. A key … conclusion is that an increase in inflation targets gives rise to additional welfare costs, even after the extra room to maneuver …

Inflation expectations are a key determinant of actual and future inflation and thus matter for the conduct of monetary … policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada …'s Business Outlook Survey, spanning the 2001 to 2015 period. The data are aggregated to construct an inflation expectations index …

We compare the degree of anchoring of inflation expectations in the euro area, the United States and the United Kingdom …, focusing on the post-crisis period. First of all, we estimate a set of measures of average and tail correlation using inflation …

We analyze the degree of anchoring of inflation expectations in the euro area during the post-crisis period, with a …. Using a new estimation technique, we look at tail co-movements between short- and long-term distributions of inflation … expectations, estimated from daily quotes of inflation derivatives. We find that, during 2014, average correlations between short …

We analyze the degree of anchoring of inflation expectations in the euro area during the post-crisis period, with a …. Using a new estimation technique, we look at tail co-movements between short- and long-term distributions of inflation … expectations, estimated from daily quotes of inflation derivatives. We find that, during 2014, average correlations between short …