We revisit the concept of the cost of hedging inflation risks put forward in Bodie (1976). When doing so, we employ a … kernel-based methods discussed in Giraitis et al. (2018), but relying on the estimation approach put forward in Morf et al …-varying compensation for expected and unexpected inflation shocks embedded in the sovereign bond yields of Germany, France, Japan and the …

cyclical fluctuation in inflation may be confused for a shift in the trend component. Bayesian estimation reveals that there …This paper seeks to document and explain the effect of a commodity price shock on underlying core inflation, and how … across many countries there was a break in the response of core inflation to a commodity price shock. In an earlier period, a …