When the price of electricity increases by 1%, households' average expected inflation increases by 1.0 to 1.3 basis … especially in the cross section, from newly-available public data on expected inflation by Euro area households across region … prices on expected inflation increases for 8 to 12 months, but they can only account for a small share of the rise in …

inflation surge and derives projections for the future. In 2020, the Fed took the negative prescribed rates, which were far … clearly signaled the need for tightening because of the rise of inflation, yet the Fed waited until spring 2022 to raise the … federal funds rate. With the decline of inflation over the course of 2023, the rules’ prescriptions have also come down. They …