We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality o

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

"An economic agent who is uncertain of her model updates her beliefs in response to the data. The updating is sensitive to measurement error which, in many case

"Results of research to develop non-judgmental forecasting models of U.S. and selected European wage inflation are reported. Models are characterized in terms o

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, i