This paper investigates the heterogeneity of inflation expectations among households, firms, and professionals across …, highlighting the role of media in expectation formation. We find that inflation expectations became more backward-looking during … 14 economies. Using Bayesian model averaging and panel data regressions, we identify key determinants of inflation …

We study how households adjust their medium-term inflation expectations under the new ECB inflation targeting strategy …

Professional forecasters' long-run inflation expectations overreact to news and exhibit persistent, predictable biases … tool for studying long-run inflation expectations. Our analysis highlights substantial, timevarying heterogeneity in …

variation in inflation expectations induced by the treatments, we find that homeowners adjust durable spending significantly …, whereas renters do not. These results highlight homeownership as a key factor in the formation of inflation expectations and …