Hajdini, Ina; Knotek, Edward S.; Leer, John; Pedemonte, … - 2022
Based on indirect utility theory, we introduce a novel methodology of measuring inflation expectations indirectly. This … and services one year ahead. Analytically, our methodology possesses smaller ex-post aggregate inflation forecast errors … consumers in the US and 14 countries, and we show that indirect consumer inflation expectations perform well along several …