Phillips curve, the sum of coefficients associated with expected inflation is far beyond unity, whatever measure of expected … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …

decisions with regard to inflation expectations of financial market experts for the euro area from February 1999 to June 2007 … of inflation expectations formation. …

future interest rate, inflation, and output to discover the sources of individual interest rate forecast errors. Based on a …. However, although experts tend to overestimate the impact of inflation on future interest rates, perceptions of monetary … improved communication has reduced disagreement over the ECB's response to expected inflation during the financial crisis. …

Central bank surveys frequently elicit households' probabilistic beliefs about future inflation. However, most … household surveys use a response scale that is tailored towards low-inflation regimes. Using data from a randomized controlled … trial included in the Bundesbank Online Panel Households, we show (i) that keeping the original scale in high-inflation …

This paper analyses the impact of the monetary regime change from the Bundesbank to the ECB in 1999 on inflation … inflation, inflation expectations and forecast errors. The econometric investigation is based on a flexible specification of … expectation formation which allows both for rational and adaptive elements. Data on inflation expectations originate from the ZEW …

Phillips curve, the sum of coefficients associated with expected inflation is far beyond unity, whatever measure of expected … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …