This paper investigates the determinants of inflation target credibility (ITC) using a unique survey we designed to … measure the credibility of the ECB's inflation target. Containing over 200,000 responses from German consumers collected …. When inflation is below target, however, the credibility of the inflation target cannot be improved by raising the …

This paper investigates the determinants of inflation target credibility (ITC) using a unique survey we designed to … measure the credibility of the ECB's inflation target. Containing over 200,000 responses from German consumers collected …. When inflation is below target, however, the credibility of the inflation target cannot be improved by raising the …

We use a representative online survey to investigate the inflation expectations of German consumers and the credibility … of the ECB's inflation target during the recent high inflation period. We find that credibility has trended downwards …

and the real-time prediction of professional forecasters. We find that optimism shocks - in line with theory - generate a …