This article investigates whether the formation of individual inflation expectations is biased towards a consensus and … individual level inflation expectations is proposed using a Markov chain Monte Carlo Hierarchical Bayesian estimation method …. This method is applied to micro survey data about inflation expectations of households from the monthly French household …

nominal variables. Money is not neutral, either in the short-run or long-run, and a localized version of the quantity theory … policy is ineffective ; above this threshold inflation rises. Finally, market liquidity, measured through the speed of real …

We use laboratory experiments with human subjects to test the relevance of di-fferent inflation targeting regimes. In … particular and within the standard New Keynesian model, we evaluate to what extent communication of the inflation target is … relevant to the success of inflation targeting. We -find that if the central bank only cares about inflation stabilization …

Based on panel data of 58 countries, of which 22 Inflation Targeters and 36 non Inflation Targeters, over the period … 1980-2003, this paper highlights the effect of Inflation Targeting – IT- on Fiscal Discipline –FD-. We make four …

central banks' monetary policy must be credible if the authorities want to curb inflation. A second view is that central banks … set their monetary policy by using all the information relevant for inflation and output projections. In Europe, a … controversy has emerged about the role of monetary aggregates as useful indicators of future inflation and output. On one hand …

A few years after the publication of The General Theory, a number of economists began to present Keynes's model … foundations of Keynes's theory. …