We propose a new approach to assessing the anchoring of inflation expectations using "strategic surveys". Namely, we … measure households' revisions in long-run inflation expectations after they are presented with different economic scenarios. A …-run inflation expectations. We implement the method in the summer of 2019 and the spring-summer of 2021 when the anchoring of long …

in the savings regime: the originally negative relationship between inflation expectations and savings was reversed into … century-Germany. We show that wealthy savers responded to an increase in the expected inflation rate (and falling real …, often female, working-class savers were forced to reduce their savings in times of high prices because they had to spend …

The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …

inflation and deflationary biases in inflation expectations. In a model with an occasionally binding zero-lower-bound constraint … of this model using unique individual-level inflation expectations data across nine countries that allow for a direct … identification of these biases. Both inflation and deflationary biases are present (and sizable) in inflation expectations of these …