We propose a new approach to assessing the anchoring of inflation expectations using "strategic surveys". Namely, we … measure households' revisions in long-run inflation expectations after they are presented with different economic scenarios. A …-run inflation expectations. We implement the method in the summer of 2019 and the spring-summer of 2021 when the anchoring of long …

We study the behavior of U.S. consumers' inflation expectations during the high inflation period of 2021-22 using data … from the Survey of Consumer Expectations. Short- and, to a lesser extent, mediumterm inflation expectations rose as … inflation continued to climb, medium- and longerterm inflation expectations unexpectedly fell and medium- and longer …

long-run price stability depends critically on expectations about labor market tightness. Using a variety of cross …

Economic theory predicts that intertemporal decisions depend critically on expectations about future outcomes. Using … of expectations for output growth, inflation, and the policy rate. We show that a simple unobserved components model of … the trend and cycle explains the joint behavior of both consensus measures of expectations and the observed disagreement …

rates via the expectations hypothesis (EH). While the EH has been systematically rejected in the data, existing work … evaluating the EH generally assumes either full-information rational expectations or stationarity of beliefs, or both. As such … the EH. We introduce a model of expectations formation which features time-varying means and accommodates deviations from …

respect to variation in the real interest rate - using subjective expectations from the newly released FRBNY Survey of … Consumer Expectations (SCE). This dataset is unique, since it includes consumers' expectations of both consumption growth and …