Reactions of household inflation expectations to a symmetric inflation target and high inflation  . DNB WP 743. [4] This point was stressed by R. Reis (2021). Losing the Inflation Anchor . Brookings Papers on Economic Activity, Fall and picked up by I. Schnabel (2022). Monetary policy and the Great Volatility  .
Speech at “Reassessing Constraints on the Economy and Policy,” Federal Reserve  Bank of Kansas City, Jackson Hole, 27 August. [5] This phenomenon has been documented for the euro area by a recent analysis by ECB and DNB staff, for the United States and more generally advanced economies by the IMF in the recent WEO. See E. Gonçalves and G. Koester (2022).