inflation under control, and by the adoption of monetary rules tied to expectations rather than current macroeconomic conditions …This paper studies the role of expectations and monetary policy on the economy's response to climate actions. We show … mitigation tool, with a carbon tax entailing more emissions uncertainty than in a rational expectations model and a cap …

expectations assumption, we show the transition may initially be inflationary. …

This paper examines the impact of carbon pricing on firms' inflation expectations and its implications for central … French firm-level survey data. A change in carbon price increases firms' inflation expectations as well as their own expected … negative forecast errors in the medium-/long-run. We show that a significant portion of the increase in inflation expectations …

We study the behavior of U.S. consumers' inflation expectations during the high inflation period of 2021-22 using data … from the Survey of Consumer Expectations. Short- and, to a lesser extent, mediumterm inflation expectations rose as … inflation continued to climb, medium- and longerterm inflation expectations unexpectedly fell and medium- and longer …