Yeah expectations are definitely a tricky part of economics and so not knowing how to model them very finely, I had to keep things simple. I tried to integrate

Yeah expectations are definitely a tricky part of economics and so not knowing how to model them very finely, I had to keep things simple. I tried to integrate a kind of extrapolative expectations with regards to inflation using a linear regression over a rather long period to simulate the expectations being "anchored" and "smoothed". It might be interesting to allow the expected trend to be changed by announcements and such as you suggested.