Cruijsen, Carin van der; Demertzis, Maria - de Nederlandsche Bank - 2005
macroeconomic magnitudes, we investigate how the link between inflation and inflation expectations alters with increasing … affect, first and foremost, the way that private agents form their expectations about the future behaviour of the Central … benefit from a weaker link between inflation and expectations, and the more so for longer horizons. We, in turn, examine …