between the nominal interest rate and inflation in the postwar period in the five major industrial countries, utilizing …, and the United States than in Germany and Japan. It is argued that the differences in the linkage between the interest … rate and the inflation rate as between the two groups of countries are reflected in the time series properties of the …

prices to forecast movements in retail prices in the inflation-targeting framework followed by the U.K. monetary authorities …

We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure …

factors argued to explain the differences in the trends in core inflation and relative prices in the United Kingdom, the Euro …

This paper simulates out-of-sample inflation forecasting for Germany, the UK, and the US. In contrast to other studies … that Phillips curves based on ex post output gaps generally improve the accuracy of inflation forecasts compared to an AR(1 …) forecast but that real-time output gaps often do not help forecasting inflation. This raises the question how operationally …

, Germany, Japan, the United Kingdom, and the United States for implementing monetary policy in the short run. The analysis …

This paper examines whether the clarity of central bank communication about inflation has changed with the economic … environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by … explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis …