different approaches, and look at the effects on main macroeconomic variables, with a special focus on inflation. By and large …, the impact of unconventional monetary policy shocks on inflation is found to be significantly positive across studies and …

different approaches, and look at the effects on main macroeconomic variables, with a special focus on inflation. By and large …, the impact of unconventional monetary policy shocks on inflation is found to be significantly positive across studies and …

variables, such as consumer price inflation, the growth of industrial production, the stock price index, the exchange rate of …

This paper documents five facts about inflation expectations in the euro area. First, individual inflation forecasts … overreact to individual news. Second, the cross-section average of individual forecasts of inflation underreact to shocks … initially, but overreacts in the medium term. Third, disagreement about future inflation increases in response to news when the …

, we demonstrate that effort dampens the response of inflation to exogenous shocks. …