Consumers' inflation expectations play a key role in the monetary transmission mechanism. As such, it is crucial for … expectations. These include the apparent overestimation of inflation by consumers as well as the negative correlation observed … between the economic outlook and inflation expectations. We also show that the uncertainty framework fits with some of the …

expectations assumption, we show the transition may initially be inflationary. …

This paper uses survey data to assess consumers' inflation expectations in the euro area. The probability approach is … used to derive quantitative estimates of inflation expectations from the European Commission's Consumer Survey. The paper … subsequently analyses the empirical properties of the estimated inflation expectations by considering the extent to which they …

requirement that the underlying rational expectations equilibrium is locally indeterminate. We suggest ways in which policymakers …

helps overall macroeconomic stability by making expectations operate like automatic stabilizers. Second, under a price level … arguments in favour of or against price level path stability depend on the degree of dependence of private sector expectations …

using existing macroeconomic models by modifying expectations about policy announcements. The main advantage of our method …

We provide a new theory of expectations-driven business cycles in which consumers' learning from prices dramatically …

Is there a systematic mapping between the Federal Reserve's expectations of macro variables and the words it uses to …