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This paper is the first attempt to investigate the performance of different learning rules in fitting survey data of household and expert inflation expectations
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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
European Inflation Dynamics
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We provide evidence on the fit of the New Phillips Curve (NPQ for the Euro area over the period 1970-1998, and use it as a tool to compare the characteristics o
The Role of Expectations in Euro Area Inflation Dynamics
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Inflation Dynamics Inthe Euro Area and the Role of Expectations
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Tiivistelmä: Euroalueen inflaatiodynamiikka ja odotusten merkitys : lisätuloksia.