Consumers' inflation expectations play a key role in the monetary transmission mechanism. As such, it is crucial for … expectations. These include the apparent overestimation of inflation by consumers as well as the negative correlation observed … between the economic outlook and inflation expectations. We also show that the uncertainty framework fits with some of the …

consumer confidence, preferences, and, hence, spending. The elongated and profound experience of the COVID-19 crisis may … confidence shock in the Southern European countries and a shift in consumer preferences in the Northern Eu-ropean countries …

using existing macroeconomic models by modifying expectations about policy announcements. The main advantage of our method …

We provide a new theory of expectations-driven business cycles in which consumers' learning from prices dramatically …

long, averaging window can attain most of the welfare gain from PLT. Under boundedly-rational expectations, if cognitive …

expectations assumption, we show the transition may initially be inflationary. …

Is there a systematic mapping between the Federal Reserve's expectations of macro variables and the words it uses to …

sentiment (considering both confidence and uncertainty) and economic activity. Second, we review existing empirical measures of … sentiment, in particular consumer confidence, stock market volatility (SMV) and Economic Policy Uncertainty (EPU), on monthly … across countries, suggesting the existence of a global factor. Consumer confidence has the closest co-movement with economic …

variables, but also by tilting to expectations from the Survey of Professional Forecasters. For Phillips curves, averaging …