monetary policy in the United States, in particular its interaction with the formation of inflation expectations and the … linkages between monetary policy, inflation expectations and the behaviour of CPI inflation. We use Livingston Survey data for … expected inflation, measured at a bi-annual frequency, actual inflation, unemployment and a nominal interest rate to estimate …

on the inflation process. …

exclusively on the anchoring of short- to medium-term inflation expectations (Part 2). Several measures show that this anchoring … expectations has on the determination of the short- to medium-term inflation rate. From this point of view, observed inflation in … on the other aspect of monetary stability: the degree of price-level uncertainty and the anchoring of inflation …

main, fixed-effect, model highlights the crucial role of GDP growth, public deficit and debt liquidity in explaining the … level of spreads, while the public debt-to-GDP ratio plays a lesser role. We find that our results are mainly driven by … debt-to-GDP ratio, and potential GDP growth, with a larger impact of the latter variable. …