- although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … asserted that, in the context of the new Phillips curve (NPC), inflation is a jump variable. We argue that this persistency … setting (in which real variables not only affect inflation, but are also influenced by it), standard wage-price staggering …

What are the broad societal implications of inflation and unemployment? Analyzing a dataset of over 1.9 million …, we find that both inflation and unemployment have a negative link with confidence in financial institutions. While … inflation is generally unassociated with confidence in government and leadership approval, unemployment still has a strong …

" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … asserted that, in the context of the new Phillips curve (NPC), inflation is a jump variable. We argue that this "persistency … equilibrium setting (in which real variables not only affect inflation, but are also influenced by it), standard wage …

on the Access to Finance of Enterprises (SAFE), we introduce consistent measurement of inflation expectations across …This paper provides new survey evidence on firms' inflation expectations in the euro area. Building on the ECB's Survey … firms' inflation expectations and show that firms disagree about future inflation more than professional forecasters but …

of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized … then provide 22 different forms of information regarding past, current and/or future inflation and interest rates … beyond one year do not have any additional impact on forecasts. Exogenous variation in inflation expectations transmits into …

Using Italian data that includes both inflation forecasts of firms and external information on their balance sheets, we … study the causal effect of changes in the dispersion of beliefs about future inflation on the misallocation of resources. We … find that as disagreement increases, so does misallocation. In times of low inflation, the aggregate TFP loss of the …

This study analyzes how firms form their inflation expectations during a regime change in monetary policy and a … transition to a low-inflation environment. Using the Bank of Israel survey of firms, we document the basic properties of firms …' inflation expectations and examine how Israeli firms update their inflation expectations after receiving new information about …

We implement a survey of Dutch households in which random subsets of respondents receive information about inflation …. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect … subsequent monthly consumption decisions relative to those in a control group. The causal effects of elevated inflation …

primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive … observing how they revise their expectations about future inflation as well as taxes and government spending. We find that … information about the current debt or deficit levels has little impact on inflation expectations but that news about future debt …