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We examine whether changes in the distribution of household inflation expectations contain information on future … distribution of household expectations does indeed help predict one-year-ahead CPI inflation. Variance and skewness of household …
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stable following the Bretton Woods period, despite the adoption of different monetary regimes. The estimation of an …
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In this paper, we explore the degree of anchoring of consumers' individual long-run inflation expectations utilizing the University of Michigan Survey of Consumer's rotating panel micro-structure. Our results indicate that long-run inflation expectations became more anchored over the last...
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