We compare the degree of anchoring of inflation expectations in the euro area, the United States and the United Kingdom …, focusing on the post-crisis period. First of all, we estimate a set of measures of average and tail correlation using inflation …

We analyze the degree of anchoring of inflation expectations in the euro area during the post-crisis period, with a …. Using a new estimation technique, we look at tail co-movements between short- and long-term distributions of inflation … expectations, estimated from daily quotes of inflation derivatives. We find that, during 2014, average correlations between short …

on output and, in particular, also on inflation in the euro area under alternative settings for monetary policy. We … that this over-proportionality is stronger for the fiscal multiplier on inflation than on output. We relate this finding to …

This paper provides a comprehensive empirical analysis of the role of discretionary fiscal policy for inflation … is difficult to find robust evidence of the fiscal policy stance or impulse impacting directly on inflation differentials …. We do find, however, support for an indirect effect of discretionary fiscal policy on inflation differentials working …

inflation facts. Using a Dynamic Stochastic General Equilibrium model with Markov-switching policy rules, we identify three …

. The risk of future regime shifts has encompassing effects on equilibrium. Inflation is systematically higher than it would … stability. This inflation bias is increasing in the real value of government debt. Regime-switching probabilities are not … interest rate sufficiently moderately when inflation increases. Lower fiscal dominance risk, in turn, mitigates the inflation …