This paper has examined the evolution of disagreement over the short-term inflation outlook in nine advanced economies … against which this concept is evaluated and the role of potential shocks to the inflation process such as the global financial …

A new measure of credibility is constructed as a function of the differential between observed inflation and some … estimate of the inflation rate that the central bank targets. The target is assumed to be met flexibly. Credibility is …-2008 financial crisis. The VIX, adopting an inflation target and central bank transparency, are the most reliable determinants of …

This paper examines the evolution of disagreement over the short-term inflation outlook in nine advanced economies … against which this concept is evaluated and the role of potential shocks to the inflation process such as the global financial …

inflation rates. With a few exceptions, this accomplishment was a global one. Motivated by concerns over whether the relentless … easing of policy in economies most stricken by the US and euro zone financial crises may lead to higher future inflation …, this paper examines inflation forecast performance along several dimensions. The focus is on 12 economies in Asia and the …

There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global … forces" are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …

A new measure of credibility is constructed as a function of the differential between observed inflation and some … estimate of the inflation rate that the central bank targets. The target is assumed to be met flexibly. Credibility is …-2008 financial crisis. The VIX, adopting an inflation target and central bank transparency, are the most reliable determinants of …

There is no consensus over the importance of “global forces” on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which ‘global … forces' are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …

In this paper we investigate dynamics of global inflation and short-run inflation expectations. We estimate a global … inflationary pressure that could drive up inflation expectations: domestic aggregate demand and supply shocks as well as a global … increase in oil price inflation. Our results indicate that inflation expectations tend to increase as inflation accelerates …