(2020), “  Average Inflation Targeting and Household Expectations”, NBER Working Papers, No 27836, National Bureau of Economic Research; and Coibion, O. et al. (2020), “  Forward Guidance and Household Expectations”, NBER Working Papers, No 26778, National Bureau of Economic Research. [26] Christelis et al. (forthcoming), “Trust in the Central Bank and Inflation Expectations”, International Journal of Central Banking.
[27] Piazzesi, M. and Schneider, M. (2007), “  Inflation Illusion, Credit, and Asset Pricing”, NBER Working Papers, No 12957, National Bureau of Economic Research; ECB (2020), Financial Stability Review, May. [28] Heider, F., Saidi, F. and Schepens, G. (2019), “Life below Zero: Bank Lending under Negative Policy Rates”, Review of Financial Studies, Vol. 32, No 10, pp.