This paper uses the historical narrative record to determine whether inflation expectations shifted during the second … and the forecasts of contemporary business analysts, we show that inflation expectations increased dramatically. Second …, using an event-studies approach, we identify the impact on financial markets of the key events that shifted inflation …

This paper studies consumers' inflation expectations using micro-level data from the Surveys of Consumers conducted by … inflation. Equivalent results are found during recessions. …

This paper decomposes nominal Treasury yields into expected real rates, expected inflation rates, real risk premiums …, and inflation risk premiums by separately calibrating a three-factor affine term structure model to the nominal Treasury … and TIPS yield curves. Although this particular application seems to produce expected real short rates and inflation rates …

This study examines the impact of productivity growth on the relationship between inflation and unemployment in Canada …

In this paper we first present supporting evidence of the existence of heterogeneity in inflation dynamics across euro … there is significant inertial (backward looking) behavior in inflation in four of them, while inflation in Germany has a … emphasizing the heterogeneity in inflation persistence across regions. Allowing for such a backward looking component will affect …

We explore a hypothesis about the take-off in inflation that occurred in the early 1970s. According to the expectations … trap hypothesis, the Fed was pushed into producing the high inflation out of a fear of violating the public's inflation … expectations. We compare this hypothesis with the Phillips curve hypothesis, according to which the Fed produced the high inflation …