In this paper, we explore the degree of anchoring of consumers' individual long-run inflation expectations utilizing …-run inflation expectations became more anchored over the last decades, as the degree of co-movement between short- and long … seems that older cohorts, who experienced the high inflation period of the 1970s, remain less anchored in their long …

Inflation expectations are a key determinant of actual and future inflation and thus matter for the conduct of monetary … policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada …'s Business Outlook Survey, spanning the 2001 to 2015 period. The data are aggregated to construct an inflation expectations index …

This paper uses the European Commission's Consumer Survey to assess whether inflation expectations have converged and … whether inflation uncertainty has diminished following the introduction of the Euro in Europe. Consumers' responses to the … survey suggest that inflation expectations depend more on past national inflation rates than on the ECB's anchor for price …

households' inflation expectations. We show that the types of information channels that households use to inform themselves about … important influence on the level of perceived past and expected future inflation, as well as uncertainty thereof. The expected … future change of inflation and the unemployment rate, however, is strongly influenced by individual experience of these …

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … households increased their inflation expectations and willingness to purchase durables before the increase in VAT. Future …

study the causal effect of unconventional fiscal policies on consumption expenditure via the inflation-expectations channel … (VAT) effective in 2007. This shock increased German households' inflation expectations during 2006, as well as actual … inflation in 2007. Matched households in other European countries serve as counterfactuals in a difference …

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … 2007. The shock increased households' inflation expectations during 2006 and actual inflation in 2007. Germans' willingness …

changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate …

linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as … the (required) adjustment of real wages, and in the opposite direction of the price response. During the "Great Inflation … increasing inflation volatility. Using a standard DSGE model, we show that these stylized facts, in particular the estimated …