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Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...
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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 … stylised facts of consumers' inflation expectations, such as their correlation with socio-demographic characteristics and …
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Federal Reserve Bank of New York Survey of Consumer Expectations and from the Michigan Survey of Consumers …
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