Central banks in most advanced economies have reacted similarly to the increase in inflation that started in 2021. They … initially looked through the rising inflation by leaving monetary policy relatively unchanged. Then, after inflation continued … aiming to anchor drifting inflation expectations. Why might central banks want to look through supply-driven inflation …

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

role in the transmission of household uncertainty to inflation. I develop an Overlapping Generations New Keynesian model …

This paper applies a recently developed method (Inoue and Rossi, 2021) to estimate functional inflation expectations … on both inflation and output. In addition, threshold functional local projections indicate that the effects are nonlinear … and depend on central bank credibility. Further, inflation expectations shocks have similar effects to supply (demand …

macroeconomic effects. This finding requires inflation expectations to adjust counterfactually large. When modeling inflation …

, this study explores how the adverse weather events linked to ENSO affect the inflation expectations in Colombia and how to … the inflation expectations obtained from surveys and break-even inflation measures are affected by weather supply shocks … the mechanisms in which weather-related shocks affect marginal costs and inflation expectations. We find that ENSO shocks …

The paper adds money supply and inflation expectations shocks to a well-known three-variable structural model that … supply and to inflation expectations significantly increase real oil prices; with the unadjusted M1 aggregate there is no … role played by inflation expectations and the money supply shocks during major oil shock episodes. These shocks partially …

inflation expectations among 145 tenured economics professors in Germany and exploit the 2022 Russian invasion in Ukraine as a … natural experiment to identify the effect of a global political shock on expectations about national inflation rates. We find … that the Russian invasion increased short-run inflation expectations for 2022 by 0.75 percentage points. Treatment effects …

Using the Federal Reserve Bank of Atlanta's Business Inflation Expectations (BIE) survey, which has been continuously …