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Anchoring of consumers' long-term euro area inflation expectations during the pandemic

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Persistent link: https://www.econbiz.de/10012547783

Trust in the central bank and inflation expectations

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - In: International journal of central banking : IJCB 16 (2020) 6, pp. 1-37

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Galati, Gabriele; Moessner, Richhild; Rooij, Maarten van - 2021

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Trust in the central bank and inflation expectation

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2020

Using micro data from the 2015 Dutch CentERpanel, we examine whether trust in the European Central Bank (ECB) influences individuals' expectations and uncertainty about future inflation, and whether it anchors inflation expectations. We find that higher trust in the ECB lowers inflation...