PPT-Inflation Report

August 2015 Global economic and financial developments Chart 11 Longterm interest rates have risen since late April International tenyear government bond yields a Sources Bloomberg . May 2015. Prospects for inflation. Chart 5.1 . CPI inflation projection based on market interest rate expectations and £375 billion purchased assets. Chart 5.2 . CPI inflation projection in . February . August 2015. Costs and prices. Chart 4.1. CPI inflation expected to remain around zero over the next few months. Bank staff projection for near-term CPI inflation. (a. ). (. a) The red diamonds show Bank staff’s central projection for CPI inflation in April, May and June 2015 at the time of the May .  . Jo van den Brand, Chris Van Den . Broeck. , . Tjonnie. Li. Nikhef. : April 23, 2010. Horizon problem, flatness problem, missing exotic particles. Horizon. : largest distance over which influences can have travelled in order to reach an observer: visible Universe of this observer. Maritta Paloviita and Matti Viren. Bank of Finland and . University. of Turku . Basic idea. The . basic idea . is . an attempt to see whether the Phillips curve has shifted due to the  EMU (better anchoring of expectations . May 2015. Overview. Chart 1 . GDP projection based on market interest rate expectations and £375 billion purchased assets. The fan chart depicts the probability of various outcomes for GDP growth. It has been conditioned on the assumption that the stock of purchased assets financed by the issuance of. August 2015. Prospects for inflation. Table 5.A. . Conditioning path for Bank Rate implied by forward market interest rates. (a). (a) The data are fifteen working day averages of one-day forward rates to 29 July 2015 and 7 May 2015 respectively. The curve is based on overnight index swap rates.. November 2015. Prospects for inflation. Table 5.A . Conditioning path for Bank Rate implied by forward market interest rates. (a). (. a) The data are fifteen working day averages of one-day forward rates to 28 October 2015 and 29 July 2015 respectively. The curve is based on overnight index swap rates.. November 2015. Costs and prices. Chart 4.1. . CPI . inflation projected to rise by the end of the year. . Bank staff’s projection for near-term CPI inflation. (a). (. a) The . red diamonds show Bank staff’s central projection for CPI inflation in July, August and September . Unanticipated inflation – some people are hurt; some people gain. . For example, borrowers are helped by unanticipated inflation while lenders are hurt. . However, even anticipated inflation results in costs for the economy.. Payback periods. Jung-woo Sohn (. jzs177@psu.edu. ). College of Information Sciences and Technology. Penn . State University. Announcements. Midterm . exam #1:. October 9. th. , Thursday class . time. Inflation – a general increase in the price level. Deflation – a general decrease in the price level. Hyperinflation – extraordinarily high inflation. (Germany 1923 – prices doubled roughly every 2 days). December 2016. Released: January 2017. Centre for Economics and. Business Research ltd. Unit 1, 4 Bath Street, London. EC1V 9DX. t. 020 7324 2850. w . www.cebr.com. M a k i n g B u s i n e s s S e n s e. The price level is the weighted average of prices. A decrease in money’s purchasing power. When the supply of money is growing faster than the production of goods and services.. Inflation…what is it?. Alexander Klemm. “The views expressed in this presentation are of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.”. Inflation and Taxation.