Under the stress test of the inflation process, the two central banks' stances across the Atlantic share similarities … but show also significant differences. Similarities and differences are reflected also in inflation dynamics in the US and … the euro area. Differences are mainly due to the mix of factors that originated the take-off of inflation, some structural …

its impact on inflation expectations (sticky inflation). Optimal monetary policy may allow low real interest rates after … policy will temporarily aid debt sustainability through a temporary burst in inflation. The anticipation of a possible reform … links debt levels with inflation expectations. As a result, interest rates have two effects: they influence demand and …

its impact on inflation expectations (sticky inflation). Optimal monetary policy may allow low real interest rates after … policy will temporarily aid debt sustainability through a temporary burst in inflation. The anticipation of a possible reform … links debt levels with inflation expectations. As a result, interest rates have two effects: they influence demand and …

We study how heterogeneous attention to inflation across households affects the transmission of monetary policy. Using … household-level surveys for the US and Australia, we first show that households' attention to inflation varies across income … levels. Specifically, we find that high-income households pay more attention to inflation than other income groups. To …

We study how heterogeneous attention to inflation across households affects the transmission of monetary policy. Using … household-level surveys for the US and Australia, we first show that households' attention to inflation varies across income … levels. Specifically, we find that high-income households pay more attention to inflation than other income groups. To …

inflation targeting as an alternative monetary policy framework to achieve the principal goal of monetary policy - price …Informed by the recent run of rising and persistent inflation in Nigeria, which puts headline and food inflation at 28 … the Central Bank of Nigeria to an inflation-targeting institution. First, we suggest either of the following bands for …

implications of incorporating real-time estimates of the balance of inflation risks into monetary policy communications and …We document that inflation risk in the U.S. varies significantly over time and is often asymmetric. To analyze the … direction of inflation risks. We perform counterfactual analyses using a quantitative general equilibrium model to evaluate the …

We review recent research and experiences linking inflation and expectations, emphasizing what has been learned since … 2020. One clear lesson is that the inflation expectations of most economic agents have been and remain unanchored. The … unanchored nature of inflation expectations, in combination with supply shocks, can explain much of the inflation surge and …