situation poses to price stability. We propose to regard the central banker as a risk manager who aims to contain inflation …

estimates for inflation forecasting both in the short term (one-quarter and one-year ahead) and the medium term (two-year and …

The paper estimates inflation persistence in Greece from 1975 to 2003, a period of high variation in inflation and … coefficient (RC) modelling, are employed to estimate inflation persistence. The empirical results from all the procedures suggest … that inflation persistence was high during the inflationary period and the first six years of the disinflationary period …

This paper proposes a methodology to nowcast and forecast inflation using data with sampling frequency higher than … accurate estimates of inflation for the current and followings months. In particular, this paper uses the Weekly Oil Bulletin …

We examine the performance of forward-looking inflation-forecast-based rules in open economies. In a New Keynesian two … the feedback parameter on inflation if the forecast horizon lies too far into the future. Second, the problem of … central banks respond to expected consumer, rather than pro- ducer price inflation. …

We find evidence that adopting an explicit inflation objective plays a role in anchoring long-run inflation … expectations and in reducing the intrinsic persistence of inflation. For the period 1994-2003, private-sector long-run inflation … forecasts exhibit significant correlation with lagged inflation for a number of industrial economies, including the United …

policy should be passive, to ensure equilibrium determinacy and to minimize variations in output and inflation. This paper … presents evidence that asset markets participation in the US was limited over the Great Inflation period and the slope of the … IS curve had the ’wrong’ sign. Our results may help explain the ’Great Inflation’ and give optimism for FED policy. If …