This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … change associated with the start of EMU in 1999. The main findings are as follows. Steadystate inflation and inflation … can achieve lower inflation uncertainty by lowering the inflation rate. JEL Classification: E31, E52, C22 …

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 …

households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge …'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 …

This paper uses forecasts from the European Central Bank’s Survey of Professional Forecasters to investigate the … 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 …

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 …