In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique … aspects of how laypersons perceive inflation and form inflation expectations. We focus on how an individual's economic … situation, information search and interest in inflation, economic knowledge, and attitudes and values are related to inflation …

attitude towards a specific monetary policy institution, the Policy Target Agreement (PTA). The PTA contains the inflation …

In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique … aspects of how laypersons perceive inflation and form inflation expectations. We focus on how an individual's economic … situation, information search and interest in inflation, economic knowledge, and attitudes and values are related to inflation …

This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …

's ability to form realistic inflation expectations. …

Most emerging market central banks have adopted inflation targeting as their monetary policy system. The heart of … inflation targeting system is inflation expectations. The success of a central bank in achieving targets depends on to the … extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases …

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …

Using daily data on inflation-indexed bonds, we find evidence of a negative relationship between ECB communication … in euro area break-even inflation. However, this result is only found for the second half of 2005. At that time, the …

In this paper we systematically evaluate how central banks respond to inflation deviations from target. We present a … stylized New Keynesian model in which agents' inflation expectations are sensitive to inflation deviations from target. To (re …-)establish credibility, optimal monetary policy under discretion is shown to set higher interest rates today if average inflation exceeded …

This paper proposes an ESTAR modeling framework to analyze the anchoring of inflation expectations. Anchoring criteria … are empirical estimates of a market implied inflation target as well as the strength of the anchor that holds expectations …