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 …

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 …

inflation and monetary policy, including: 1) inflation perceptions and expectations, 2) interest in and subjective, as well as …

difference affecting answers lies in the different time of inflation environment, i.e. low in 2021 and high in 2022. The survey … covers various topics having to do with inflation and monetary policy, including: 1) inflation perceptions and expectations …

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 …

sharp rise in inflation. Applied to Germany and the euro area, the model suggests that the surge in inflation has mainly … been caused by commodity price shocks and supply bottlenecks, rather than shortages in the labour market. Inflation … future inflation rates. However, this prediction is based on the assumption that there will be no commodity price shocks and …

In the aftermath of the euro cash changeover consumers' inflation perceptions rose substantially in the euro area … countries while actual inflation figures remained almost unchanged. During that period media reporting on the potentially large … reporting has a statistically significant and economically meaningful impact on inflation perceptions and contributed to their …

Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … consider this source of mismeasurement when assessing the precision of the HICP as a measure of "true" inflation. …

We investigate the relevance of the Carroll's sticky information model of inflation expectations for four major … European economies (France, Germany, Italy and the United Kingdom). Using survey data on household and expert inflation … expectations we argue that the model adequately captures the dynamics of household inflation expectations. We estimate two …