This paper examines whether the clarity of central bank communication about inflation has changed with the economic … environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by … explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis …

We investigate how non-specialists form inflation expectations by running an experiment using a basic Overlapping … Generations (OLG) model. The participants of the experiment are students of the University of Amsterdam, who predict inflation … substantially more difficulty in stabilizing inflation development by submitting accurate predictions than participants in the first …

national output gaps constructed turn out to significantly explain future changes in inflation. Moreover, the analysis also … reveals that an aggregate European output gap significantly precedes aggregate European inflation, as well as inflation in the … individual EU countries. These findings imply that an aggregate European output gap may serve as an inflation indicator for the …

Besides the theoretical (Alchian/Klein, 1973) case for including asset prices in measures of inflation, there is also a … practical case, that some asset prices, notably housing, are closely associated with the main trends in inflation, and via …

explicitly target asset prices directly or through the inclusion of asset prices in its measure of inflation, counterfactual …

Recently, it has often been argued that globalization eases the job of central banks as it helps to tame inflation …-Treaty) could or should reduce their efforts in the fight against inflation in favour of supporting the general economic policies of …

This paper analyses the effects of monetary policy decisions on inflation expectations of European consumers. Using a … responses of consumers in various European countries into quantitative time series of inflation expectations. After checking the … inflation on inflation expectations across European countries. We inter alia seek to explore whether the reaction of consumers …

the ECB.s monetary policy credibility as measured by long-term inflation expectations, by looking at their effects on euro … area inflation swap rates of maturities up to 10 years. We consider asset purchase programmes and long-term refinancing … operations with maturities above 6 months. We find that these announcements only led to a slight increase in long-term inflation …