Inflation as a phenomenon has witnessed remarkable changes starting from mid-eighties of the last century. Inflation … pull inflation as one of the major determinants of inflation has decreased due to efficient monetary policies that have … been adopted by central banks all over the world to reduce inflation based on anchoring inflation expectations. Moreover …

This paper introduces a form of boundedly-rational inflation expectations in the New Keynesian Phillips curve. The … representative agent is assumed to behave as an econometrician, employing a time series model for inflation that allows for both … permanent and temporary shocks. The near-unity coefficient on expected inflation in the Phillips curve causes the agent …

This paper estimates variants of a small-scale New Keynesian model using observations on inflation, inflation …

the Phillips curve based on constant inflation expectations has returned for Sweden. Based on estimates of this model …-2011. This result is based on Svensson's unrealistic as well as unnecessary assumption of constant inflation expectations … anchored at the Riksbank's inflation target of 2 per cent. Data show, however, that the public's inflation expectations have …

This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker’s disinflation (1979-1982). My … the behavior of inflation expectations - agents expected shocks to persist in the pre-Volcker period, but not in the post …

Since 2013 the inflation rate in the euro area has fallen steadily, reaching all-time lows at the end of 2014. Market …-based measures of inflation expectations (such as inflation swaps) have also declined to extremely low levels, which suggests … increasing concern about the credibility of the ECB in maintaining price stability. Inflation releases have often surprised …

This paper challenges previous empirical evidence on output-inflation trade-off described in the hybrid New Keynesian … backward-looking inflation components, in the Czech Republic for the periods 2000Q1 - 2012Q4 using Kalman filtration. My … findings come to surprising conclusions that (i) output gap has a (statistically) significant impact on Czech inflation …

Inflation perceived by consumers may differ from official statistics particularly due to different baskets of goods and … observations, particularly useful in interpreting a jump of inflation perception in some of the EMU economies after the euro … introduction, an alternative price index, i.e. the Index of Perceived Inflation, was proposed by Brachinger (2006) and Brachinger …

Due to its negative effects on economy, across the time, the inflation process always represented a problem of … actuality, in the economic debates. Among all of the inflation’s social costs, the effects on the companies’ activity will … experience showed us that the inflation level depends in a great measure on the economic agents’ expectations about the evolution …