We investigate the possible asymmetric response of inflation expectations to oil price and policy uncertainty shocks. Unlike other studies that assume symmetric effects, our study finds asymmetric effects of oil price and policy uncertainty on inflation expectations for positive and negative...

We propose a new Quantity Dual Approach (QDA) to estimate the contribution of nontraded goods to Real Exchange Rate (RER) fluctuations. This method is immune to the bias resulting from the non-inclusion of some goods in CPI calculations and can be applied even in a stringent data environment...