Inflation expectations are key inputs into monetary policy, but they also represent one of the most difficult variables to measure. Inflation expectations are particularly difficult to pin down in a low inflation environment in which important relative prices experience large changes. The available measures of inflation expectations differ widely across different sources and could be used at most as an additional element in monetary policy decisions, but not as a target.
Cinzia Alcidi
Senior Research Fellow, Head of the Economic Policy and Jobs & Skills Unit
0
Photo by Imelda (Unsplash)
More Personal Posts
Related Posts
Browse through the list of related items.
14 Jul 2022
This paper analyses early childhood education and care policy in Italy, Germany and Poland. Drawing on the capability approach and building on the power resources analytical framework, it maps policy design features in these three countries. Although the three childcare regimes fall under the umbrella of ‘familialism’, they exhibit some important differences.
07 Apr 2022
This paper presents a reconstruction of the evolution of the EU social agenda from the late 1990s. It shows that – despite being uneven and at times truncated – EU advocacy for social investment as a new social policy paradigm has been increasing over the years. The paper then questions how such advocacy affected European citizens’ social rights.
26 Jan 2022
This article attempts to identify social investment strategies across EU countries and explain their evolution over the period 2004-18, by using cluster analysis on expenditure and coverage variables and qualitative analysis on selected policy areas to contextualize the results. It finds that strategies have diversified over time in a progressively complex way.
01 Jul 2021
Esta vez es diferente. Lo hemos oído muchas veces, pero en esta ocasión, el adagio refleja verdaderamente una respuesta distinta de la UE a la pandemia si la comparamos con la crisis financiera precedente. Podemos así afirmar que, en esta ocasión, la respuesta ha sido distinta por tres razones.
01 Jul 2021
This time is different. Though we’ve heard that many times, this adagio applies particularly well when trying to understand the context of the EU response to the Covid-19 pandemic, especially in comparison with the financial crisis of 2009-10. The reason is threefold.