predicts a short-term inflation-output trade-off, a liquidity effect, countercyclical markups, and procyclical wages after …

same inflation or interest rate expectations can differently assess whether the level of the corresponding variable is … and affects durable spending and saving decisions. We also show that the variation in inflation preferences can be …

This paper explores communication strategies for anchoring households’ medium-term inflation expectations in a high … inflation environment. We conducted a survey experiment with a representative sample of 4,000 German households at the height of … the recent inflation surge in early 2023, with information treatments including a qualitative statement by the ECB …

2007. The shock increased households' inflation expectations during 2006 and actual inflation in 2007. Germans' willingness …Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … to purchase durables increased by 34% after the shock, compared to before and to matched households in other European …

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 …