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 …

This paper provides a summary of current knowledge on inflation persistence and price
stickiness in the euro area, based on research findings that have been produced in the …

Pierwsza część ksiąŜki przedstawia trzy mechanizmy globalizacji: outsourcing, offshoring i
networking, mechanizmy które przyczynią się do ukształtowania w XXI wieku nowej …

Transparency has become a prominent feature of monetary policy as central banks have
greatly increased the amount of information they disclose about monetary policy‐making …

Should central banks increase their degree of transparency any further? We show that there
is likely to be an optimal intermediate degree of central bank transparency. Up to this …

The literature on transparency and central bank communication and the literature on
disagreement about expectations are evolving; however, both have been evolving …

Central to the conduct of monetary policy are inflation forecasts. Inflation forecasts are not
unique. Central banks and professional organizations generate inflation forecasts while …

We analyze the effect of monetary policy transparency on bilateral exchange rate volatility.
We test the theoretical predictions of a stylized model using panel data for 62 currencies …

Transparency has become one of the main features of monetary policymaking during the
last decade. This article establishes stylized facts and provides a systematic overview of the …

In this paper, we study the influence of central bank transparency and informal central bank
communication on the formation of money market expectations. The sample covers nine …