Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical assessment of the influence of inflation exp

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t

This paper develops a method for measuring the anchoring of long-run inflation expectations that does not require estimates of long-run inflation expectations.

The rational expectations hypothesis for survey and model-based inflation forecasts - from the Survey of Professional Forecasters and the Greenbook respectively

Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical assessment of the influence of inflation exp