between the economic outlook and inflation expectations. We also show that the uncertainty framework fits with some of the …Consumers' inflation expectations play a key role in the monetary transmission mechanism. As such, it is crucial for … monetary policymakers to understand what they are and how they are formed. In this paper we introduce the (un)certainty channel …

uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider …

This paper empirically examines the behavioral precautionary saving hypothesis that uncertainty about future income …