Using a novel dataset that integrates inflation expectations with information on social network connections, we show … that inflation expectations within one's social network have a positive, causal relationship with individual inflation …, socially determined inflation expectations induce imperfect risk-sharing and can affect the inflation and real output …

Since mid-2021, the euro-area economy has gone through several shocks, leading to the highest inflation since the … monetary policy framework it agreed in 2021 ahead of the inflationary episode, has succeeded in bringing inflation down and … understanding the roles of different measures of inflation expectations should also be priorities. …

Eurozone much attention was drawn to the homogeneity of the currency area. However, at the beginning the Eurozone seemed to be … inflation and growth rates have diminished. In this case, the single monetary policy would rather meet the monetary needs of the …