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This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook information not only reduces professional...
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objectives and strategies for aligning the public's inflation expectations with their own and, consequently, improving the … influence inflation expectations is thus important. We shed light on these issues by relying on a representative survey …. And greater trust in the ECB and Bundesbank, in turn, lowers individuals' inflation expectations. More specifically …
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coverage of high-frequency identified monetary policy announcements on households' inflation expectations in an event study and …, the adaptation of inflation expectations is stronger than without coverage. Second, we find that coverage of 'delphic … shocks lead to households lowering their inflation expectations, as opposed to coverage of a textbook, 'odyssean', monetary …
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