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 … since summer 2021, reaching an all-time low in April 2022. The high correlation between inflation expectations and the …

setting, subjective knowledge about inflation, trust in government institutions, desire to be informed about RBNZ, age, and …

This paper examines the interaction of core inflation and inflation targeting as a monetary policy regime. Interest in … core inflation has grown because of inflation targeting. Core inflation is defined in numerous ways giving rise to many … potential measures; this paper defines core inflation as the best forecaster of inflation. A cross-country study finds before …

This paper explores communication strategies for anchoring households’ medium-term inflation expectations in a high … inflation environment. We conducted a survey experiment with a representative sample of 4,000 German households at the height of … the recent inflation surge in early 2023, with information treatments including a qualitative statement by the ECB …

This paper explores communication strategies for anchoring households' mediumterm inflation expectations in a high … inflation environment. We conducted a survey experiment with a representative sample of 4,000 German households at the height of … the recent inflation surge in early 2023, with information treatments including a qualitative statement by the ECB …

Evidence on the credibility of a central bank's inflation target typically refers to the anchoring of survey …-based measures of inflation expectations. However, both the survey question and the anchoring criteria are only loosely connected to … the actual inflation target used in monetary policy practice. By using the exact wording of the ECB's definition of price …

citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …

citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …

The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed … economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded … target levels. We find that the cause of accelerating inflation was an imbalance between aggregate demand, which started to …

prices and markups following the introduction of an official inflation target of 2 percent. Using a structural model to … price-change dispersion can be attributed to a decrease in the cross-sectional variance of inflation expectations. The lower … dispersion of inflation expectations results in a lower markup dispersion and a welfare gain equivalent to a 0.79 percent …