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exploits the rounding patterns in individuals' responses to survey questions on inflation expectations (Binder, 2017). This … inflation expectations. …
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This paper studies the behaviors of uncertainty through the lens of several popular models of expectation formation. The full-information rational expectations model (FIRE) predicts that both the ex ante uncertainty and the variance of ex post forecast errors are equal to the conditional...
Persistent link: https://www.econbiz.de/10014475397
role in the transmission of household uncertainty to inflation. I develop an Overlapping Generations New Keynesian model …
Persistent link: https://www.econbiz.de/10012208130
Consumers' inflation expectations play a key role in the monetary transmission mechanism. As such, it is crucial for … as means to shed light on some of the more puzzling aspects of reported quantitative inflation perceptions and … expectations. These include the apparent overestimation of inflation by consumers as well as the negative correlation observed …
Persistent link: https://www.econbiz.de/10012818765
This policy brief discusses trends in consumer inflation uncertainty. Inflation uncertainty measures are from the …
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