The proposition that inflation expectations can be extracted as inflation predictions from the government bond yield …

households’ short- and long-term expectations about future inflation. This relationship is strong during periods of high …. Our results show that household perceptions about past inflation drive their expectations about future inflation rates …. The strength of the pass-through from perceptions to expectations varies across socioeconomic groups. We identify two …

Since the foundational work of Keynes (1936) macroeconomists have emphasized the importance of agents' expectations in … empirical expectations data instead assuming all agents' expectations are rational This paper takes up the challenge of modeling … empirical household expectations data and shows that a simple standard model from epidemiology does a remarkably good job of …

context of a model in which these agents form their expectations on the basis of simple forecasting rules. The approach used …