changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …

This paper examines whether central bank communication stabilises euro area inflation expectations through the … communication on the information demand of the public and ultimately on inflation expectations. Overall, this study shows that … website attention, as captured by search volumes of visitors, influences euro area inflation expectations. We find that …