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econ.GN2026
Tolerable Inflation, Intolerable Uncertainty
Eric Vansteenberghe
Numerical inflation targets anchor beliefs. Across euro-area and US professional forecasts, inflation swaps and options, and realized inflation, uncertainty about inflation is comp…
econ.GN2025
Monetary Policy, Uncertainty, and Credit Supply
Eric Vansteenberghe
This paper investigates how dispersion in banks' subjective inflation forecasts is a channel of the transmission of monetary policy to credit supply. We extend the Monti-Klein mode…
econ.GN2024
Uncertain and Asymmetric Forecasts
Eric Vansteenberghe
Survey density forecasts are summarized by their second and third moments, read as uncertainty and as the balance of risks. Neither can be read on its own. In the ECB Survey of Pro…