We provide new insights on the formation of inflation expectations - in particular at a time of great financial and … answered a weekly questionnaire about their short-, medium- and long-term inflation expectations. Participants received common … information sets with data relevant to euro area inflation. Our analysis of survey responses reveals several interesting results …

of inflation risks. The empirical application shows that trading off monetary and macroprudential policy reduces the … overall costs related to inflation and financial instability. This can be achieved by changing the preferences of the central … bank, lengthening the monetary policy horizon and by a more flexible inflation target. Estimation results of a probit model …

This paper examines robust estimators of core inflation for Belgian historical CPI data, and for euro area Harmonised … outperform the traditional core inflation measures found in the literature. However, as traditional measures, they lag rather … than lead observed inflation. This was particularly so in the 70s and the 80s when the oil price shocks had substantial …

prices thereafter. Notwithstanding clear evidence of forward-lookingness, inflation persistence is substantial in both …

higher than in other monetary unions (US and Germany), and that the distribution of member states' rates of inflation around …We find that regional inflation dispersion has not markedly increased since the start of EMU, although it is somewhat … the euro area HICP inflation rate is characterised by a few outliers. In addition, an analysis based on economic weights …

We empirically investigate how well different learning rules manage to explain the formation of household inflation … incorporate forward-looking elements (Germany, Italy, the Netherlands), households in other countries employ information on energy … in replicating inflation expectation data but also in forecasting actual inflation rates. …

of inflation on growth and economic welfare. It is shown that the traditional approach to measure the welfare costs of … inflation may be misleading: It ignores the costs or benefits of the transition to the new steady state. This omission may bias … estimates of the total welfare gains to be achieved by reducing inflation and of the optimal degree of disinflation. It is also …