Central banks are increasingly reaching out to the general public to motivate and explain
their monetary policy actions. One major aim of this outreach is to guide inflation …

Central banks are increasingly reaching out to the general public to motivate and explain
their monetary policy actions. One major aim of this outreach is to ensure accountability and …

We assess the prospects for central banks using inflation expectations as a policy tool for
stabilization purposes. We review recent work on how expectations of agents are formed …

In this chapter, we discuss field experiments in surveys that are conducted with the purpose
of learning about expectation formation and the link between expectations and behavior. We …

Central banks have intensified their communication with non-experts–an endeavour which
some argue will fail. This paper studies English and German tweets about the ECB to show …

We compare causal effects of forward guidance about future interest rates on households'
expectations of inflation and nominal mortgage rates to the effects of communication about …

Using a daily survey of US households, we study how the Federal Reserve's announcement
of its new strategy of average inflation targeting affected households' expectations. Starting …

Based on a new survey of German households, we investigate the role that information
channels and lifetime experience play in households' inflation expectations. We show that …

Using survey data on French households over the 2004–2018 period, we provide new
evidence on the role of households' inflation expectations for durable spending decisions. A …

After the financial crisis of 2008, central banks around the world have increased their
communication efforts to reach consumers, with the aim of both guiding and anchoring their …