Abstract: This paper examines the nexus between news coverage on inflation and households' inflation expectations. In … disconnection between news on inflation, consumers' frequency of expectation updating and the accuracy of their expectations. Our …

schemes: sticky prices, sticky information, rule of thumb, or flexible prices. We enrich Coibion and Gorodnichenko (2011 … heterogeneity in wage rigidity, such as the persistence in price and the wage inflation, which a standard New Keynesian model with …

We exploit variation in consumer price inflation across 71 Russian regions to examine the relationship between the … perceived stability of the domestic currency and financial dollarization. Our results show that regions with higher inflation … to firms in non-tradable sectors. The impact of inflation on credit dollarization is weaker in regions with less …

reaction of real activity and asset prices to inflationary shocks adds a negative force to inflation responses that counteracts … inflation from above, so that inflation tar- geting policies may not be capable of ensuring REE uniqueness. In such cases, it is … advisable to combine inflation responses with an appropriate reaction to the output gap and/or firm profitability. The negative …

private sector inflation forecasts. But beyond the optimum people might: (1) start to attach too much weight to the … deteriorates the (perceived) quality of private sector inflation forecasts. Inflation then is set in a more backward looking manner … resulting in higher inflation persistence. By using a panel data set on the transparency of 100 central banks we find empirical …

We extend the Svensson (1997a) inflation forecast targeting framework with a convex Phillips curve. We derive an …