The study investigates the existence and extent of information rigidity in inflation forecasts among 25 developed and 18 developing economies during 2002-2017 period utilizing a survey data set never explored before on this issue. In general, the study finds some evidence of information...

The study investigates the existence and extent of information rigidity in inflation forecasts among 25 developed and 18 developing economies during 2002-2017 period utilizing a survey data set never explored before on this issue. In general, the study finds some evidence of information...

We document information rigidity in forecasts of real GDP growth in 46 countries over the past two decades. We also investigate: (i) whether rigidities differ across countries, particularly between advanced countries and emerging markets; (ii) whether rigidities are lower around turning points...