This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …

about inflation, we analyze the formation process of inflation perceptions and expectations as well as interrelations … between the variables. Throughout the analysis, the role of media reports about inflation is emphasized and results for the … low inflation period January 1998 to December 2007 are compared to those including the high inflation year 2008. Rejecting …

A crucial but often ignored element of inflation expectations is the amount of perceived inflation risk. This paper …) using a new methodology. The main conclusion from our analysis is that, when monitoring inflation expectations, limiting … attention to a point prediction is not sufficient. The analysis of inflation expectations should take into account inflation …

The present paper uses survey data on expected consumer price developments to analyse the role of inflation … expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short …

Survey data on household expectations of inflation are routinely used in economic analysis, yet it is not clear to what … recovering households' implicit expectations of inflation from their consumption expenditures. We show that these implicit … expectations have predictive power for CPI inflation. They are better predictors of CPI inflation than survey responses, except for …

Inflation expectations are extracted from the Consumer Survey, which is conducted by the European Commission for the …

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 …

professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …

Using daily data on inflation-indexed bonds, we find evidence of a negative relationship between ECB communication … in euro area break-even inflation. However, this result is only found for the second half of 2005. At that time, the …