inflation targeting, and the granting of operational independence to the Bank of England. In this paper we examine what impact …, if any, these events have had on inflation expectations. A series of Granger causality tests are used in order to examine … the causal relationship between a measure of prices and inflation expectations. We find evidence that the introduction of …

anchoring of inflation expectations. I carry out my analysis based on a high-frequency identification and the estimation of a … mandate of price stability in the current low-inflation, low-interest-rate scenario. This paper contributes to the existing … forward guidance, i.e. forecasters revise their long-run expectations upwards. Consequently, inflation increases, which …

The uncertainty of U.S. core inflation, measured by the stochastic volatility of forecast errors, has soared to a level … increase after a positive shock to core inflation uncertainty in a vector autoregression. Endogenous changes in household … inflation expectations help to understand the transmission mechanism through which an inflation uncertainty shock generates …

, premium components are less reactive to inflation shocks, while real rate responses change their sign from positive to …

macroeconomic effects. This finding requires inflation expectations to adjust counterfactually large. When modeling inflation …

Inflation expectations are often found to depend on socioeconomic and demographic characteristics of households, such … impact of three sources of the demographic dependence of inflation expectations using data for Germany. Overall, our findings … suggest that household-specific inflation rates and group-specific news consumption accounts for the higher expectation gaps …

Well-anchored inflation expectations should not react to short-term oriented macroeconomic news. This paper analyzes … the dynamic response of inflation expectations to macro news shocks in a structural VAR model. As identification of … impact on U.S. long-term inflation expectations in the long run. In the short run, however, the degree of expectations de …