Assuming that private agents need to learn inflation dynamics to form their inflation expectations and that they … believe a hybrid New-Keynesian Phillips Curve (NKPC) is the true data generating process of inflation, we aim at establishing … the role of forward-looking information in inflation expectation dynamics. We find that longer term expectations are …

Assuming that private agents need to learn inflation dynamics to form their inflation expectations and that they … believe a hybrid New-Keynesian Phillips Curve (NKPC) is the true data generating process of inflation, we aim at establishing … the role of forward-looking information in inflation expectation dynamics. We find that longer term expectations are …

This paper analyzes euro area and U.S. inflation dynamics since the beginning of the 1990s by estimating New Keynesian … hybrid Phillips curves with time-varying parameters. We measure inflation expectations by subjective forecasts from Consensus … results indicate that in both economic areas the inflation dynamics have steadily become more forward-looking over time. We …

Abstract: This paper examines the nexus between news coverage on inflation and households' inflation expectations. In … disconnection between news on inflation, consumers' frequency of expectation updating and the accuracy of their expectations. Our …

prices: inflation and interest rates. Disagreement about GDP growth intensifies strongly during recessions. Disagreement … suggest that credible monetary policy contributes to anchoring of expectations about inflation and interest rates …

Many studies document that the inflation rate is governed by persistent trend shifts and time-varying uncertainty about … trend inflation. As both these quantities are unobserved, a forecaster has to learn about changes in trend inflation by a … inflation and it provides an efficient way to solve the signal extraction problem. I test whether this model provides a good fit …

. Key to our estimation strategy is the use of survey-based expectations for inflation and output. Output and inflation …

. Key to our estimation strategy is the use of survey-based expectations for inflation and output. Output and inflation …

This paper provides a simple epidemiology model where households, when forming their inflation expectations, rationally … adopt the past release of inflation with certain probability rather than the forward-looking newspaper forecast as suggested …