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 currency equivalent and Divisia index techniques of monetary aggregation. We employ a graphical approach to …

inflation expectations increased leading to fears of their un-anchoring. Using the first principal component of commodity prices …. Using a Phillips Curve framework we find a structural change after the collapse of Lehman Brothers when inflation …

during the last 20 years. All central banks under review target a small and positive inflation rate (typically 2%). In most … strategies when the policy rate is constrained by the effective lower bound (ELB). Under standard inflation targeting, inflation … inflation target performs better than a range, especially if compared to an asymmetric one with the focal point close to the …

employment), inflation and the price level. This paper assesses how these tradeoffs have evolved over time and varied across … outcomes and tradeoffs. We also calculate Sacrifice Ratios (output losses per inflation reduction) and document a historically …

, could not only push up CPI inflation but also affect its volatility. Existing empirical literature has only found that … carbon pricing schemes are generally associated to a transitory effect on the level of inflation. This paper assesses … empirically the effects of carbon pricing on inflation volatility for both carbon tax and cap-and-trade schemes (also known as …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

Price Index (CPI) when calculating the inflation rate, I find that the null hypothesis can be rejected for six of ten … the ten countries, the United Kingdom has conducted inflation targeting most in line with the theory of rational …In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as …