1974-2008. We find, first, that newly appointed governors fight inflation more aggressively during the first four to eight … quarters of their tenure in an effort to establish a reputation for being inflation averse. Second, we find a significantly … stronger reaction to inflation by newly appointed governors working within monetary policy frameworks comprised of an at least …

1974–2008. We find, first, that newly appointed governors fight inflation more aggressively during the first four to eight … quarters of their tenure in an effort to establish a reputation for being inflation averse. Second, we find a significantly … stronger reaction to inflation by newly appointed governors working within monetary policy frameworks comprised of an at least …

significantly more favorable output-inflation trade-off than his peers. …

of their specific occupational background. Third, party members react significantly less to inflation and more to output …

inflation. Based on a range of panel regressions, we find that accurate perceptions of recent price changes are an important … determinant of the accuracy of next-year inflation expectations. The realism of inflation perceptions is, in turn, related to the … frequent newspaper usage does not necessarily reduce errors in inflation perceptions …

inflation. Based on a range of panel regressions, we find that accurate perceptions of recent price changes are an important … determinant of the accuracy of next-year inflation expectations. The realism of inflation perceptions is, in turn, related to the … frequent newspaper usage does not necessarily reduce errors in inflation perceptions …

inflation. Based on a range of panel regressions, we find that accurate perceptions of recent price changes are an important … determinant of the accuracy of next-year inflation expectations. The realism of inflation perceptions is, in turn, related to the … frequent newspaper usage does not necessarily reduce errors in inflation perceptions. …

central banks raise rates when society's inflation aversion is above its long-run trend. Second, the reaction to inflation is … non-linearly increasing in the degree of inflation aversion. Third, this emphasis on fighting inflation does not have a …

of their specific occupational background. Third, party members react significantly less to inflation and more to output …

central banks raise rates when society's inflation aversion is above its long-run trend. Second, the reaction to inflation is … non-linearly increasing in the degree of inflation aversion. Third, this emphasis on fighting inflation does not have a … banks. -- Central Bank ; Democratic Legitimation ; Eurobarometer ; Inflation Aversion ; Monetary Policy ; Public Preferences …