This paper evaluates new evidence on price setting practices and inflation persistence in the euro area with respect to …

Inflation has been well contained over the last decades in most industrialized countries. This implies, however, that … memories of high inflation are likely to fade, because over time larger parts of the population have never experienced high … inflation, whereas those who have might forget. This paper tests whether memories of high inflation affect agents' preferences …

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

This paper evaluates new evidence on price setting practices and inflation persistence in the euro area with respect to …

for simple policy rules such as a Taylor or inflation-forecast rule are examined. In first-difference form, both rules … continue to perform relatively well with imperfect information as long as the output gap and the inflation forecast are …

We show that the announcement of the ECB's Strategy Review and the revision of its inflation target in summer 2021 went … persistent credibility gains, even after inflation increased. …

Inflation targeting is implemented in different ways – most often by adopting point targets, by having tolerance bands … target types affect the anchoring of inflation expectations at shorter horizons differently. It tests two contradictory …. This suggests that there are some benefits to adopting intervals, but the central bank can anchor inflation expectations …

We show that the announcement of the ECB's Strategy Review and the revision of its inflation target in summer 2021 went … persistent credibility gains, even after inflation increased. …

Inflation targeting is implemented in different ways – most often by adopting point targets, by having tolerance bands … target types affect the anchoring of inflation expectations at shorter horizons differently. It tests two contradictory …. This suggests that there are some benefits to adopting intervals, but the central bank can anchor inflation expectations …

Inflation targeting (IT) had originally been introduced as a device to bring inflation down and stabilize it at low … levels. Given the current environment of persistently weak inflation in many advanced economies, IT central banks must now … bring inflation up to target. In this paper, the author tests to what extent inflation expectations are anchored in such …