The inability of central banks to attain their target inflation rates in recent years has raised questions about the … extent to which central banks can control the inflation process. This paper discusses the evolution of thought and evidence … since the 1960s on the determinants of inflation and the role that should be played by central banks. The paper highlights …

This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank … that the extitliteracy treatment improves respondents' knowledge about monetary policy and inflation and raises their trust …, we first test the effect of non-numerical information about inflation and monetary policy, the extitliteracy treatment …

This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank … literacy treatment improves respondents' knowledge about monetary policy and inflation and raises their trust in the central …, we first test the effect of non-numerical information about inflation and monetary policy, the literacy treatment. In the …

After soaring in the 1970s, inflation in Organisation of Economic Cooperation and Development countries stabilised … central banks’ ability to control inflation could be weaker as a result. We explore the different ways in which globalisation … could have an impact on inflation and monetary policy transmission channels. We conclude that inflation dynamics can be …