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 …

This paper analyses price formation in medium- to longer-term maturity segments of euro area and US inflation … anchoring of inflation expectations in the two currency areas before and during the crisis. We find a somewhat stronger … anchoring of inflation expectations in the euro area than in the United States. During the crisis, the degree of anchoring of …

professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …

A crucial but often ignored element of inflation expectations is the amount of perceived inflation risk. This paper …) using a new methodology. The main conclusion from our analysis is that, when monitoring inflation expectations, limiting … attention to a point prediction is not sufficient. The analysis of inflation expectations should take into account inflation …

-term interest rates to the Bank of England’s inflation report andto macroeconomic announcements. Due to the quarterly frequency at …, the more timehas elapsed since the latest release of an inflation report, market volatility shouldincrease, the price …