We study how individuals' memories of inflation shape their expectations about future inflation using both surveys and … the current inflation episode to last. Information treatments in which we show people prior disinflationary experiences … similarly strongly reduce inflation expectations of individuals on average and are often recalled as inflation memories months …

This paper provides new survey evidence on firms' inflation expectations in the euro area. Building on the ECB's Survey … on the Access to Finance of Enterprises (SAFE), we introduce consistent measurement of inflation expectations across … firms' inflation expectations and show that firms disagree about future inflation more than professional forecasters but …

inflation (sunspot shocks) affecting nominal wage bargaining. Since the estimated parameters fall near the locus of Hopf … bifurcations, country-specific expected inflation shocks can replicate the strong persistence and heterogeneity observed in …, choose to consume their current income. -- Unemployment fluctuations ; sunspots equilibria ; expected inflation ; wage …

We study the link between expected inflation and wages using novel panel data from German firms and employees. We find … that pass-through - the percentage point change in wage growth given a one percentage point change in expected inflation … extensive margin, expected inflation has little effect on additional wage negotiations. …

account middle-inflation overestimate the impact of financial expectations. …

We implement a survey-based randomized information treatment that generates independent variation in the inflation … expectations and the uncertainty about future inflation of European households. This variation allows us to assess how both first … and second moments of inflation expectations separately affect subsequent household decisions. We document several key …

experiment across seven colleges to evaluate the algorithm's effects on students. Placement rates into college-level courses …