Moessner, Richhild; Zhu, Feng; Ellis, Colin - Bank for International Settlements (BIS) - 2011
We provide a new perspective on disagreement in inflation expectations by examining the full probability distributions … of UK consumer inflation forecasts based on an adaptive bootstrap multimodality test. Furthermore, we compare the … inflation forecasts of the Bank of England's Monetary Policy Committee (MPC) with those of UK consumers, for which we use data …