restriction measures and local unemployment rates on inflation expectations. We find that consumers who were locally more exposed … to COVID-19 cases report higher inflation expectations. e relationship between the virus spread and inflation …

citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …

citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …

expectations. These responses stand in stark contrast to that of household inflation expectations (as measured by the University of …) following the onset of the pandemic, while household measures of inflation expectations jumped markedly. Third, despite the … (like professional forecasters) have responded to the COVID-19 pandemic by lowering their one-year-ahead inflation …

The purpose of the present paper is to study how households form inflation expectations. Using a novel survey …-base dataset of Italian households' opinions of inflation we investigate two separate, but related, types of behavior …: 'inattentiveness' and 'anchoring'. The present analysis extends the existing literature by incorporating explicitly inflation targets …

We use a representative online survey to investigate the inflation expectations of German consumers and the credibility … of the ECB's inflation target during the recent high inflation period. We find that credibility has trended downwards … since summer 2021, reaching an all-time low in April 2022. The high correlation between inflation expectations and the …

household surveys use a response scale that is tailored towards low-inflation regimes. Using data from a randomized controlled …Central bank surveys frequently elicit households’ probabilistic beliefs about future inflation. However, most … trial included in the Bundesbank Online Panel Households, we show (i) that keeping the original scale in high-inflation …

average markups along with monetary policy play a role in the transmission of household uncertainty to inflation. These …I construct a novel measure of household uncertainty based on survey data for European countries. I show that household … uncertainty shocks do not universally behave like negative demand shocks. Notably, household uncertainty shocks are largely …