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 …

igniting inflationary pressure. In this paper the evidence for a change in the relationship between inflation and unemployment … impact of including explicit inflation expectations is also considered. This channel has not been explored in previous work … based on Kalman filter estimates of the NAIRU for the United States and United Kingdom. Inflation expectations are found to …

Inflation expectation (IE) is often considered to be an important determinant of actual inflation in modern economic …

This paper investigates the effects of media coverage and macroeconomic conditions on inflation forecast disagreement … inflation affects forecast disagreement by influencing information sets as well as predictor choice. Our empirical results show … and professionals primarily depends on the current rate of inflation …

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 …

The present paper compares expected inflation to (econometric) inflation forecasts based on a number of forecasting … expected inflation we develop a recursive filtering algorithm which extracts unexpected inflation from real interest rate data …, even in the presence of diverse risks and a potential Mundell-Tobin-effect. The extracted unexpected inflation is compared …

Inflation persistence is sometimes defined as the tendency for price shocks to push the inflation rate away from its … steady state - including an inflation target - for a prolonged period. Persistence is important because it affects the output … costs of lowering inflation back to the target, often described as the “sacrifice ratio”. In this paper I use inflation …