We investigate whether the anchoring properties of long-run inflation expectations in the United States, the euro area … economies, expectations measures extracted from inflation-indexed bonds and inflation swaps became much more volatile in 2007 …. Moreover, their sensitivity to news about inflation and other domestic macroeconomic variables a measure of anchoring increased …

macroeconomic magnitudes, we investigate how the link between inflation and inflation expectations alters with increasing … Bank, and only through them, inflation. We apply the framework used by Levin et al (2004) who differentiate between … inflation targeters and countries that do not have explicit quantitative objectives. They discover that inflation targeters …

private sector inflation forecasts. But beyond the optimum people might: (1) start to attach too much weight tothe … deteriorates the (perceived) quality of privatesector 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 centralbanks we find empirical …

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 whether the clarity of central bank communication about inflation has changed with the economic … environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by … explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis …