The present paper compares expected inflation to (econometric) inflation forecasts based on a number of forecasting techniques from the literature using a panel of ten industrialized countries during the period of 1988 to 2007. To capture expected inflation we develop a recursive filtering...

While the long run relation between money and inflation is well established, empirical evidence on the adjustment to the long run equilibrium is very heterogeneous. In the present paper we use a multivariate state space framework, that substantially expands the traditional vector error...

Each person's characteristics may influence that person's behaviors and outcomes. This study builds and uses a new database to estimate experts' performance and boldness based on their experience and characteristics. Our study classifies experts providing inflation forecasts based on their...