In this paper we explore the degree of anchoring of inflation expectations of consumers by analysing the comovement in … short- and long-run expectations. If inflation expectations are firmly anchored, a transitory shock should influence the … short-run inflation expectations but not effect long-run inflation expectations. Utilizing the University of Michigan Survey …

We investigate the updating behavior of individual consumers regarding their short- and long-run inflation expectations … adjust their inflation expectations over a period of six months. We find evidence that the updating frequency has been …. Moreover, individual expectations are found to be more accurate after an update and forecast accuracy is affected by inflation …

In this study, we examine how the interaction between monetary policy and macroeconomic conditions affects inflation … uncertainty in the long-term. The unobservable inflation uncertainty is quantified by means of the slowly evolving unconditional … variance component of inflation in the framework of the semiparametric Spline-GARCH model (Engle and Rangel, 2008). For a cross …

Inflation expectations are often found to depend on socioeconomic and demographic characteristics of households, such … impact of three sources of the demographic effect on inflation expectations using data for Germany. Overall, our findings … suggest that household-specific inflation rates and group-specific news consumption accounts for the higher forecast errors of …

a bivariate VAR with short-term and long-term BEIRs, allowing for measurement noise in both. Anchoring of inflation …We assess whether euro area inflation expectations, as measured by break-even inflation rates (BEIRs), have remained … illiquidity or demand-supply imbalances, but not reflecting genuine inflation expectations and inflation risk premia. We estimate …