Carroll, Chris (contributor) - 2001 - [Elektronische Ressource]
remarkablygood
job of explaining the deviations of household inflation and unemployment expecta-
tions from the ‘rational expectations …)findingthatmembersofdifferentdemographicgroupshavesharplydifferent
predictions for macroeconomic aggregates like the inflation rate.
Keywords: inflation, expectations, unemployment …
problemsexplainingsomerobuststylizedfacts,suchastheapparentinexorabilityofthe
tradeoff between inflation and unemployment rate (see Ball (1994) or Mankiw (2001 …