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 …

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

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 …