Inflation expectation is acknowledged to be an important indicator for policy makers and financial investors. To … capture a more accurate real-time estimate of inflation expectation on the basis of financial markets, we propose an arbitrage …-free model across different countries in a multi-maturity term structure, where we first estimate inflation expectation by …

In density forecasts, respondents are asked to assign probabilities to pre-specifted ranges of inflation. We show in … implications for survey design and how central banks can adjust the response scales during times of high inflation. …

inflation. In two large-scale experiments, one conducted in the US and one in Germany, we show how the specifics of the response … survey design and for central banks' optimal adjustment of the response scales during times of high inflation. …

most important factor driving uncertainty about inflation. In contrast, variations in financial intermediaries' net worth …