same inflation or interest rate expectations can differently assess whether the level of the corresponding variable is … and affects durable spending and saving decisions. We also show that the variation in inflation preferences can be …

with a weak interest rate response to inflation. Using pseudo data generated by a sticky price model of the US economy, we … omission in the VARs of a variable capturing expected inflation is found to account for the price puzzle observed in simulated …

We use two market-based measures of inflation compensation to explore the transmission mechanism of monetary policy to … inflation markets. New information about the Fed's monetary policy stance becomes available on the days of meetings of the … Federal Open Market Committee (FOMC) and is reflected in asset prices. We measure the sensitivity of inflation compensation …

Adequate modeling of the seasonal structure of consumer prices is essential for inflation forecasting. This paper … suggests a new econometric approach for jointly determining inflation forecasts and monetary policy stances, particularly where … money growth and implied exchange rate paths along with a jointly determined inflation forecast. The approach uses two broad …

We investigate the relationship between inflation uncertainty and monetary policy transmission in the U.S. economy … through the external finance premium and the term structure of interest rates appears strongly dependent on inflation …

In this paper we investigate dynamics of global inflation and short-run inflation expectations. We estimate a global … inflationary pressure that could drive up inflation expectations: domestic aggregate demand and supply shocks as well as a global … increase in oil price inflation. Our results indicate that inflation expectations tend to increase as inflation accelerates …

Do euro area inflation expectations remain well-anchored? This paper finds that the protractedperiod of low (and below …-target) inflation in the euro area since 2013 has weakened theiranchoring. Testing their sensitivity to inflation and macroeconomic news … robustness to our conclusions. Results point to a significantimpact of inflation news over recent years that had not been …

By providing numerical inflation projections. Many central banks currently face inflation well above their targets and … with that the challenge to prevent spillovers on inflation expectations. We study the effect of different communication … about the 2021 inflation surge on German consumers' inflation expectations using a randomized control trial. We show that …

We show theoretically that inflation disagreement drives a wedge between real and nominal yields and raises their … levels and volatilities. We demonstrate empirically that an inflation disagreement increase of one standard deviation raises … real and nominal yields and their volatilities, break-even inflation, and the inflation risk premium by at least 30% of …

Acting in parallel with changes in Thailand's inflation dynamics, the fall in inflation and inflation variability is a … important role in changing the dynamics of inflation in Thailand. It also shows that the country's monetary policy has been … effective in helping to keep inflation low and stable via well anchored long-run inflation expectations.Full Publication: 'http …