The present paper uses survey data on expected consumer price developments to analyse the role of inflation … expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short …

The present paper uses survey data on expected consumer price developments to analyse the role of inflation … expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short …

The high level of UK inflation in recent years raises the possibility that inflation expectations may drift upwards …, making the period of above-target inflation last for longer. This article presents some evidence on inflation expectations … during Sustained Off-Target Inflation (SOTI) episodes in other inflation-targeting countries and outlines some of the key …