cross-country differences in the mismatch of perceived and actual inflation in the aftermath of the cash changeover are …

inflation rates. Most importantly, for each survey round, the aggregate survey results based on the average of the individual …

Did the decline in inflation rates from 2012 to 2015 and the low levels of market-based inflation expectations lead to de …-anchored inflation dynamics in the euro area? This paper is the first time-varying event study to investigate the reaction of inflation …-linked swap (ILS) rates – a market-based measure of inflation expectations – to macroeconomic surprises in the euro area. Compared …

This paper analyses the distribution of long-term inflation expectations in the euro area using individual density …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … change associated with the start of EMU in 1999. The main findings are as follows. Steadystate inflation and inflation … can achieve lower inflation uncertainty by lowering the inflation rate …

This paper explores the role that inflation forecasts play in the uncertainty surrounding the estimated effects of … alternative monetary rules on unemployment dynamics in the euro area and the US. We use the inflation forecasts of 8 competing … relative to the different inflation models under two rules. The results suggest that model uncertainty can be a serious issue …

The aim of this study is to assess empirically to what extent the degree of heterogeneity of consumers’ inflation …

-country data set and a broad array of variables, in order to test the inflation forecasting performance of extracted factors at the … indicators of inflation, but the comparative advantage of the factors is less clear. Nevertheless, alternative indicators such as …

The paper analyses the anchoring of inflation expectations of professional forecasters and consumers in the euro area … impact of the ECB inflation target and ECB inflation projections on inflation expectations. Our analysis indicates that … longer-term inflation forecasts have become somewhat more sensitive to shorter-term forecasts and to actual HICP inflation in …

We jointly estimate the natural rate of interest, the natural rate of unemployment, expected inflation, and potential …-variation in (i) the data-generation process for inflation, which we capture via a time-varying parameters specification for the … Phillips curve portion of the model; and (ii) the volatilities of disturbances to inflation and cyclical(log) output, which we …