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quantitative surveys of consumers for a set of eight European countries. The rational perceptions hypothesis is tested and rejected …
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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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This paper analyzes the inflation expectation formation empirically for German consumers. The expectation formation … consumers are a relatively homogeneous group. There are nevertheless quantitative differences among the groups: Inflation …
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the feasibility of eliciting individual consumers’ subjective probability distributions of future inflation outcomes. In …
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