This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank …, we first test the effect of non-numerical information about inflation and monetary policy, the literacy treatment. In the … the literacy treatment, incorporate quantitative information differently into their inflation forecasts. We find that the …

How does competition affect information acquisition of firms and thus the response of inflation and output to monetary … uncertainty about inflation as a non-targeted moment …

We study the effects of forward-looking communication in an environment of rising inflation rates on German consumers …’ inflation expectations using a randomized control trial. We show that information about rising inflation increases short- and … long-term inflation expectations. This initial increase in expectations can be mitigated using forward-looking information …

This paper analyses the determinants of short-term inflation expectations based on surveys of professionals, using … dynamic cross-country panel estimation for a large number of 34 OECD economies. We find that food consumer price inflation and … depreciations of the domestic exchange rate have significant positive effects on professionals’ survey-based inflation expectations …

We study how different forms of communication influence the inflation expectations of individuals in a randomized … controlled trial. We first solicit individuals’ inflation expectations in the Nielsen Homescan panel and then provide eight … different forms of information regarding inflation. Reading the actual Federal Open Market Committee (FOMC) statement has about …

Inflation targeting is implemented in different ways – most often by adopting point targets, by having tolerance bands … target types affect the anchoring of inflation expectations at shorter horizons differently. It tests two contradictory …. This suggests that there are some benefits to adopting intervals, but the central bank can anchor inflation expectations …

coverage of high-frequency identified monetary policy announcements on households’ inflation expectations in an event study and …, the adaptation of inflation expectations is stronger than without coverage. Second, we find that coverage of ‘delphic … shocks lead to households lowering their inflation expectations, as opposed to coverage of a textbook, ‘odyssean’, monetary …