Central to the conduct of monetary policy are inflation forecasts. Inflation forecast are not unique. Central banks and … professional organizations generate inflation forecasts while households are surveyed about their inflation outlook. This paper … estimates inflation forecast disagreement for nine economies over the 1999-2009 period, five of which target inflation. I find …

contribution of fluctuations in inflation to this particular link. In the data, a temporary rise in inflation causes real commodity … prices to rise, as does a rise in trend inflation. We find that a simple dynamic equilibrium model of commodity supply and … demand gives a realistic response of real commodity prices to inflation. Based on historical simulations, shocks to inflation …

A puzzle from the Great Recession is an apparent mismatch between a fall in the persistence of European inflation rates …, and the increased variability of expert forecasts of inflation. We explain this puzzle and show how country specific … beliefs about inflation are still quite close to the European Central Bank target of 2% (what we call official target …

This article examines the performance of inflation targeters during the 2007-2012 downturn compared to those without … successful policy results in higher inflation and output growth, lower unemployment, and a better fiscal position. The analysis … is conducted separately for developed and emerging countries. Inflation targeting tends to insulate developed countries …

domestic currency, increases interest rates, effectively controls inflation rates and reduces output. They do not find any …

that fix exchange rates and those that target inflation. Inflation targeting is a more durable policy; no country has yet … been forced to abandon an inflation target, while many have abandoned fixed exchange rates. Indeed, even though inflation … targeting began only in 1990, the duration of inflation targeting regimes is at least as long as, or longer than all alternative …

real depreciation of the rupiah, and rapid growth of base money, which resulted in inflation. Thus all prices rose, but …

1980s. Based on the timing of observed fluctuations in interest rates, inflation, and productivity, it appears that the …