We propose a new approach to assessing the anchoring of inflation expectations using "strategic surveys". Namely, we … measure households' revisions in long-run inflation expectations after they are presented with different economic scenarios. A …-run inflation expectations. We implement the method in the summer of 2019 and the spring-summer of 2021 when the anchoring of long …

inflation and deflationary biases in inflation expectations. In a model with an occasionally binding zero-lower-bound constraint … of this model using unique individual-level inflation expectations data across nine countries that allow for a direct … identification of these biases. Both inflation and deflationary biases are present (and sizable) in inflation expectations of these …

We evaluate and compare alternative monetary policy rules, namely average inflation targeting, price level targeting …, and traditional inflation targeting rules, in a standard New Keynesian model that features recurring, transient zero lower … promotes determinacy and E-stability among the policy frameworks, whereas standard inflation targeting rules are prone to …