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 …