May 9, 2025 · We present novel survey evidence that the ECB’s guidance about its projected inflation path can substantially lower households’ inflation expectations when kept in a …

Applied to a multilingual dataset of 74,882 documents from 169 central banks spanning 1884 to 2025, this study delivers the most comprehensive empirical analysis of central bank …

For the Bank of Canada, the communications response has been twofold; first, to remind citizens of the detrimental impact of high and unpredictable inflation, and second, to keep inflation …

Sep 11, 2025 · It provides detailed insights into the behavioural changes of households and shows how central bank communication can actually improve monetary literacy and influence …

For most countries of the world, overcoming the economic consequences of the pandemic assumed a softening of monetary policy, which elevated inflation expectations. Their return to …

This result highlights the broader applicability of behavioral insights in macroeconomic analysis and provides a more comprehensive understanding of how behavioral factors such as animal …

Jun 5, 2025 · Applied to a multilingual dataset of 74,882 documents from 169 central banks spanning 1884 to 2025, this study delivers the most comprehensive empirical analysis of …

Dec 4, 2024 · In recent decades, central banks have placed increasing emphasis on communication with the public as a critical tool to explain monetary policy decisions and help …

In this paper, we study the extent to which central bank communication can guide households’ inflation expectations in extraordinary times.

Jul 24, 2025 · In 2025, the Federal Reserve faces a pivotal test of its credibility as it grapples with rising inflation expectations and mounting skepticism from markets.