expectation models, households in the sticky information environment update their expectations sporadically rather than … experts? inflation expectations, we find that the model adequately captures the dynamics of household inflation expectations …

Inflation expectations are often found to depend on socioeconomic and demographic characteristics of households, such … impact of three sources of the demographic dependence of inflation expectations using data for Germany. Overall, our findings …

Survey data on household expectations of inflation are routinely used in economic analysis, yet it is not clear to what … extent households are able to articulate their expectations in survey interviews. We propose an alternative approach to … recovering households' implicit expectations of inflation from their consumption expenditures. We show that these implicit …

This paper assesses the accuracy of individuals' expectations of their financial circumstances, as reported in the … effect of information on expectations and realisations. Rationality is then tested and we seek to explain deviations of … realisations from expectations at a micro-economic level, possibly with reference to macroeconomic shocks. A bivariate regime …

household and expert inflation expectations in five core European economies (France, Germany, Italy, Netherlands and Spain … frequently than households. Furthermore, household expectations in the Euro Area have not converged to the inflation goal of the … rates into their expectations. …