This letter uses consumer survey data to estimate expectations-augmented Phillips curves with inflation expectations … disaggregated by socioeconomic and demographic groups. The inflation expectations of high-income, college-educated, male, and … working-age people play a larger role in inflation dynamics than do the expectations of other groups of consumers or of …

When referring to the inflation trends over the last decade, economists speak of "puzzles": a “missing disinflation …” puzzle in the aftermath of the Great Recession, and a ”missing inflation” one in the years of recovery to nowadays. To this, a … literature through the development of a newly specified Phillips Curve model, in which the inflation-expectation component is …

the most important source of inflation variability in the euro area. This article shows that an empirically plausible …

improvement in performance is driven mostly by lagged inflation and that the SPI model overemphasizes inflationary persistence …. There appears to be room for improvement in all models in order to induce them to better "track" inflation persistence …

model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …