We use a representative online survey to investigate the inflation expectations of German consumers and the credibility … of the ECB's inflation target during the recent high inflation period. We find that credibility has trended downwards … since summer 2021, reaching an all-time low in April 2022. The high correlation between inflation expectations and the …

We study the behavior of U.S. consumers' inflation expectations during the high inflation period of 2021-22 using data … from the Survey of Consumer Expectations. Short- and, to a lesser extent, mediumterm inflation expectations rose as … inflation continued to climb, medium- and longerterm inflation expectations unexpectedly fell and medium- and longer …

Survey data on inflation expectations show that: (i) private sector forecasts and central bank forecasts are not fully … aligned and (ii) private sector forecasters disagree about inflation expectations. To reconcile these two facts we introduce … dispersed information in a New Keynesian model, where as a result, inflation expectations differ between the private sector and …

sense that it understands and observes the process by which private sector inflation expectations are generated, and one in … accommodates private sector inflation expectations) is no longer constant across the disinflation, but becomes state …

Modern monetary policy focuses on credibility and shaping consumers' inflation expectations. According to the concept …-making process and may be a specific intermediate target. The aim of the study is to analyse the credibility of inflation forecasts … credibility index. The inflation forecasts' credibility index may be calculated for all types of inflation forecasts made by …