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 … the same average effect on expectations as simply being told about the Federal Reserve's inflation target. Reading a news …

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 …

substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a … consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …

This paper explores communication strategies for anchoring households’ medium-term inflation expectations in a high …

consumers, with the aim of both guiding and anchoring their inflation expectations. For the expectations channel of monetary … policy to work as intended, central banks need a thorough understanding of the formation process of expectations by the … general public and of the relationship between expectations and economic choices. This warrants reliable and detailed data on …

generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium … expectations ; schedule competition ; behavioral traders …