past-year food price inflation, or a median professional forecast of next-year overall inflation. Finally, inflation …Understanding the formation of consumer inflation expectations is considered crucial for managing monetary policy. This … paper investigates how consumers form and update their inflation expectations using a unique "information" experiment …

Understanding the formation of consumer inflation expectations is considered crucial for managing monetary policy …. Using a unique 'information' experiment embedded in a survey, this paper investigates how consumers' inflation expectations … respond to new information. We elicit respondents' expectations for future inflation before and after providing a random …

A constant price level facilitates cooperation among firms whereas steady inflation and deflation rates lower firms …' ability to cooperate. In an experimental market with price competition we show that both inflation and deflation signicantly … reduce cooperation compared to treatments with a constant price level. The difficulties to cooperate also affect prices and …

We study how inflation and deflation affect firms' ability to cooperate in an experimental Bertrand duopoly with … differentiated products. We find that there is significantly less cooperation in the treatments with inflation and deflation compared … to the no-inflation treatments. The difficulties to cooperate affect prices and welfare: Depending on the market …

Poor households report significantly higher inflation expectations than rich households. We assess, both theoretically … about aggregate inflation. Using data on shopping experiences, we show that the inflation expectations of each income group … depend on the group's past grocery experiences as well as on past aggregate inflation. To explain this finding, we build a …

Inflation expectations are central to economics because they affect the effectiveness of fiscal and monetary policy as … well as realized inflation. We survey the recent literature with a focus on the inflation expectations of households. We … first review standard data sources and discuss their advantages and disadvantages. We then document that household inflation …

-COS-expansion method (COS formula, see F. Fang & C.W. Oosterlee (2008)), to price options and to calculate the Greeks. Extensive numerical …