episodes of increased inflation uncertainty, our results suggest that these contracts are flexible both ex ante and ex post to …

analyze the relationship between expected inflation, disagreement, and uncertainty. We extend previous studies through our … data construction and estimation methodology. Specifically, we derive measures of disagreement and uncertainty by using a … propositions that disagreement is a useful proxy for uncertainty and that increases in expected inflation are accompanied by …

Forecasters to derive measures of forecast uncertainty, forecast dispersion, and forecast accuracy. We construct uncertainty … measures from aggregate density functions as well as from individual histograms. The uncertainty measures display … countercyclical behavior, and there is evidence of increased uncertainty for output growth and inflation since 2007. The results also …