This article analyses the anchoring of inflation expectations of professional forecasters and
consumers in the euro area. We study anchoring, defined as the central bank's ability to …

Central banks' forecasts are important monetary policy inputs and tools for central bank
communication. We survey the literature on forecasting at the Federal Reserve, European …

Monetary policy affects private sector expectations through not only its actions, but also its
communication. In this paper, we adopt a novel approach to compare the impact of central …

We construct a 23-country panel data set to consider the effect of central bank projections
and forward guidance on private-sector forecast disagreement. We find that central bank …

This article analyzes the daily determinants of the degree of attention dedicated to the
forecasts of three macroeconomic indicators: inflation, exchange rate, and output growth …

We construct novel monthly measures of energy and metal price uncertainty based on the
one-year-ahead price forecast dispersion for twenty commodities. Using a simple VAR …

In recent years, survey-based measures of expectations and disagreement have received
increasing attention in economic research. Many forecast surveys ask their participants for …

Studying formation of inflation expectations in the euro area we propose a novel method,
integrating rational, adaptive and sticky-information models. We find that in recent turbulent …

We propose a theory-based method to assess the impact of central banks' inflation forecasts
on private inflation expectations. We use regressions derived from a leader-follower model …

Abstract Federal Open Market Committee (FOMC) policymakers have published
macroeconomic forecasts since 1979 and we examine the effects of FOMC inflation …