The present paper uses survey data on expected consumer price developments to analyse the role of inflation … expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short …

The present paper uses survey data on expected consumer price developments to analyse the role of inflation … expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short …

Since February 2003 ISAE collects quantitative inflation opinions, within its monthly survey on Italian consumers. Data … confirms the severe overestimation of inflation already emerged in previous studies. Quantitative replies are in line with more … first explanation calls for inadequate knowledge of inflation statistics: however, scarce information does not explain per …

developments using the Bank of Italy's survey on businesses' inflation and growth expectations. We find that: on average about half …Quite a lot. We investigate how the cross-sectional heterogeneity of firms' inflation expectations reflects information … significant way to some important aggregate economic variables, and it is greater when current inflation is farther away from the …

I document the response of the inflation expectations, and pricing and labour demand decisions of Italian firms to … randomly provided information about recent inflation and assess the causal effect of the former on firms’ decisions. I use a … standard menu cost model to show that conventional IV2SLS estimates based on variation of agents’ inflation expectations …