Gnan, Ernest; Scharler, Johann; Silgoner, Maria Antoinette - In: Monetary Policy & the Economy (2009) 2, pp. 41-67
Inflation expectations play a crucial role in modern monetary policy, given their capacity to influence actual inflation and given their informative value on the central bank’s credibility with regard to safeguarding price stability. The risk of a de-anchoring of inflation expectations in the...