Sharma, Naresh Kumar; Bicchal, Motilal - In: Economia : revista da ANPEC 19 (2018) 1, pp. 74-89
Empirical inferences about particular forms of agents' inflation expectations are crucial for the conduct of monetary …' inflation expectations. The paper shows that survey respondents do not form expectations rationally, regardless of the reference … measures of inflation used. Further, results indicate that inflation expectations are formed purely in backward-looking manner …
