Trimmed-mean personal consumption expenditure (PCE) inflation does not clearly dominate PCE inflation excluding food … and energy in real-time forecasting of headline PCE inflation. However, trimmed-mean inflation is the superior … communications and policy tool because it has been a less-­biased real-time estimator of headline inflation and because it more …

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 …

We investigate co-movements and heterogeneity in inflation dynamics of different regions within and across euro area … countries using a novel disaggregate dataset to improve the understanding of inflation differentials in the European Monetary … Union. We employ a model where regional inflation dynamics are explained by common euro area and country specific factors as …

The inflation targeting (IT) regime is 17 years old. With practice of IT now in more than 21 countries, there is enough … evidence gathered to take stock of the IT experience. In this paper, we analyze the inflation record of IT central banks. We … extend the work of Albagli and Schmidt-Hebbel (2004) by looking at a broad range of factors that can influence inflation …

This paper proposes new measures of the effectiveness of inflation targeting (IT) and evaluates its main drivers in a … methods, we find that IT has heterogeneous effects on inflation across countries. The gains shifting the level of inflation … out of three economies approximately. Second, statistically significant differences in keeping inflation close to target …

This paper investigates the accuracy and heterogeneity of output growth and inflation forecasts during the current and …

This paper investigates the accuracy and heterogeneity of output growth and inflation forecasts during the current and …

We investigate co-movements and heterogeneity in inflation dynamics of different regions within and across euro area … countries using a novel disaggregate dataset to improve the understanding of inflation differentials in the European Monetary … Union. We employ a model where regional inflation dynamics are explained by common euro area and country specific factors as …

What are the tradeoffs that the public is willing to accept between inflation and unemployment? We find that people … dislike unemployment more than inflation. This is true for both Europe and Latin America. For the latter, the aversion to … unemployment relative to inflation is much greater. Moreover, in both regions, the poor's distaste for unemployment relative to …

inflation to the forefront of policy concerns. Those concerns will only grow as aging populations increase demands on government … fiscal deficits directly affect inflation. The paper begins by pointing out similarities and differences between the Weimar … inflation and explains why these fiscal effects are difficult to detect in time series data …