inflation measure in the future. This paper uses the Bundesbank's online household panel to study how household expectations …-run expectations for euro area overall inflation, interest rates, and OOH inflation. Long-run expectations are typically higher for OOH … inflation than overall inflation, and both are unanchored from the ECB's target at the time of the survey. We find significantly …

inflation and on unemployment. This relationship can be motivated by the existence of the Taylor rule. Using micro survey data … mainly driven by disagreement on inflation. Exploring further determinants, we confirm that central bank transparency as well …

the Phillips curve over time. We consider different specifications and different measures for inflation. Furthermore, we ….S. headline inflation has remained empirically relevant over the years. …

Inflation has been below the Federal Reserve's target for much of the past 20 years, creating worries that inflation … forecasters, household and business surveys, and the market for Treasury inflation protected securities (TIPS) to estimate long …-run inflation expectations. These have fallen notably in the past few years (to roughly 1.9 percent for CPI inflation, well below …