the beginning of 2018. They also have performed well in forecasting the direction of inflation. In terms of the …

find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … useful information. By contrast, incorporating expectations derived from financial market prices or those of firms and …

; (iv) newer generation Phillips curve models with several timevarying features are a promising avenue for forecasting …

find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … useful information. By contrast, incorporating expectations derived from financial market prices or those of firms and …

This paper investigates the changing behavior of inflation expectations in response to the macroeconomic and policy … present evidence on the behavioral shifts in the inflation expectations associated with evolving macroeconomic and policy … performance. We use a unique survey with the feature of including matched policy rate and fixed-horizon inflation expectations at …

We investigate the role played by the media in the expectations formation process of households. Using a novel news … of households' stated inflation expectations. In turn, in a noisy information model setting, augmented with a simple …, robust and new evidence highlighting the role of the media for understanding inflation expectations and information …

inflation, which was unaccounted for in forecasting models. We probe this explanation in the context of a simple backward …

This paper studies the forecasting ability of various Phillips curve specifications in a pseudo out-of-sample exercise … was under the inflation targeting regime or not. Univariate forecasting models perform well for the fixed exchange rate …