We implement a survey-based randomized information treatment that generates independent variation in the inflation … expectations and the uncertainty about future inflation of European households. This variation allows us to assess how both first … and second moments of inflation expectations separately affect subsequent household decisions. We document several key …

implementation of Muth’s hypothesis to represent market participants’ inflation expectations under Knightian uncertainty arising from … that processes driving inflation time-series and inflation forecasts undergo nonrecurring structural shifts. In contrast to …

This paper investigates the impacts of inflation uncertainty on inflation and economic activities. We take three steps …. We first put together various measures of inflation uncertainty—including survey- and model-based - and extract a common … inflation uncertainty for the group of seven advanced economies and seven large emerging market economies. Using the inflation …

equilibrium exists. We study the response differences in the dynamics of the inflation rate to changes in the mean and variance of … the Great Recession, in which the effects of greater model uncertainty may have played a role in keeping inflation rates …

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 …

inflation? New measures of consumer inflation uncertainty are compared to the economic and monetary policy uncertainty indices …-run inflation, while monetary policy uncertainty is most correlated with uncertainty about long-run inflation. Both economic and … monetary policy uncertainty Granger cause inflation uncertainty. Consumer inflation uncertainty can be computed for demographic …

exploits the rounding patterns in individuals' responses to survey questions on inflation expectations (Binder, 2017). This … inflation expectations. …

This policy brief discusses trends in consumer inflation uncertainty. Inflation uncertainty measures are from the …