This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation … they are also useful for policymakers to define a communication strategy that attenuates ex-ante inflation uncertainty in … uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook …

We quantify spillovers of inflation expectations between the United States (US) and Euro Area (EA) based on break …-even inflation (BEI) rates. In contrast to previous studies, we model US and EA BEI rates jointly in a structural vector … autoregressive (SVAR) model. The SVAR approach allows to identify US and EA specific inflation expectations shocks. By modeling the …