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 …

expectation models, households in the sticky information environment update their expectations sporadically rather than … experts? inflation expectations, we find that the model adequately captures the dynamics of household inflation expectations …

take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter … anchoring of expectations is interpreted as a gain in credibility. Also considered are the effects on the credibility of the …

, under an event-study framework the respond of upside risks of inflation expectations to the approval of the Income Law is …

This paper investigates the expectations formation process of economic agents about inflation rate. Using the Market … Expectations System of Central Bank of Brazil, we perceive that agents do not update their forecasts every period and that even …

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

rates and the war in Ukraine) are having on Spanish households’ economic expectations, using information from the European … Central Bank’s Consumer Expectations Survey. The analysis shows that the upward revision to household inflation expectations … since mid-2021 has fed into their nominal spending expectations, which had been on an upward trajectory until the outbreak …

decades has there been such a broad shift in inflation perception, and therefore, possibly, in inflation expectations. Also …