functions over future inflation. Building on a substantial body of evidence in the economic psychology literature, this paper … conclusion of the study is that if the additive uncertainty is caused by a non-normal distributed additive shock, for instance if … the probability distribution of the shock is skewed, then with these departures from the quadratic function the principle …

average markups along with monetary policy play a role in the transmission of household uncertainty to inflation.These results …

This paper analyses the anchoring, i.e. stability, of long-term inflation expectations, as well as further moments of … performed on the basis of sensitivity to innovations to observed inflation, short- and medium-term individual forecast news …-Gaussian learning models, used to uncover the presence of common trend, underlying the long-term dynamics of inflation, individual …

This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation … forecasts of inflation) but also makes forecasters less uncertain about their own beliefs, thus reducing ex-ante average … individual uncertainty. By combining and exploiting these types of ex-ante inflation uncertainty, results suggest that central …

performs better than an explicit inflation target as proposed by Svensson. The reason is that an inflation target produces a … higher variance of inflation. It is also shown that it is optimal to offer a linear inflation contract that does not depend …