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 …

assume that both the central bank and the private sector face uncertainty about the "correct" model of the economy and have … to learn. A transparent central bank can reduce one source of uncertainty for private agents by communicating its policy …

addition, we present results associated with new survey questions that assess the degree of individual uncertainty about future … individual responses exhibit considerable persistence, both in the expected level of inflation and in forecast uncertainty …