This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed … Search Index (GISI) is assessed relative to 37 other indicators of inflation expectations – 36 survey measures and the TIPS … spread. For decades, the academic literature has focused on three measures of inflation expectations: the Livingston Survey …

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them …

formed and how they should be measured. This paper analyses the role of inflation and output growth expectations in the US …, the euro area and Japan. On the one hand, the question is how expectations affect both actual inflation and output; and on … models of actual inflation and output as well as inflation and output growth expectations, which allows for scrutinizing the …

monetary policy in the United States, in particular its interaction with the formation of inflation expectations and the … linkages between monetary policy, inflation expectations and the behaviour of CPI inflation. We use Livingston Survey data for … expected inflation, measured at a bi-annual frequency, actual inflation, unemployment and a nominal interest rate to estimate …

This paper analyses the role of inflation expectations in the euro area. On one hand, the question is how inflation … expectations affect both inflation and output, and, on the other hand, how inflation expectations reflect developments in these … variables. The analyses make use of a simple VAR model of inflation, inflation expectations and the output gap that allows for …

information about inflation expectations – that survey measures of expectations are inconsistent with rational expectations, but … the public believes the bank will adhere to. When inflation expectations differ between groups, the <em>ex ante</em> real … fully compensate for the greater variability in inflation and output associated with extrapolative expectations. …

inflation and output gap by at least two-thirds. These stabilization benefits can be substantially smaller if expectations are …The effectiveness of monetary policy depends, to a large extent, on market expectations of its future actions. In a … standard New Keynesian business cycle model with rational expectations, systematic monetary policy reduces the variance of …