some form of indexation mechanism which affects wages. Cluster analysis identifies three country groupings of wage …

importance of wage bargaining above the firm level, the automatic system of index-linking wages to past inflation, the limited …

: i) changes to wages are more synchronized than changes to prices; ii) most wages are defined using inflation as a …

We find evidence that adopting an explicit inflation objective plays a role in anchoring long-run inflation … expectations and in reducing the intrinsic persistence of inflation. For the period 1994-2003, private-sector long-run inflation … forecasts exhibit significant correlation with lagged inflation for a number of industrial economies, including the United …

's ability to form realistic inflation expectations. JEL Classification: D12, D84, E52, E58 …

The aim of this study is to assess empirically to what extent the degree of heterogeneity of consumers’ inflation …

This paper uses survey data to assess consumers' inflation expectations in the euro area. The probability approach is … used to derive quantitative estimates of inflation expectations from the European Commission's Consumer Survey. The paper … subsequently analyses the empirical properties of the estimated inflation expectations by considering the extent to which they …

relationship between inflation and inflation expectations in the euro area. We use theoretical structures based on the New … stability, a few years where inflation was driven mainly by external shocks, and the financial crisis, where the New Keynesian … expectations on inflation and a resurgence of the “sacrifice ratio”. JEL Classification: E31, C53, C11 …