We rely on the Atlanta Fed's Business Inflation Expectations survey to draw inference about firms' inflation … literature, we find evidence that the concept of "aggregate inflation" as measured through price statistics like the consumer … experiments (including randomized controlled trials) that show how researchers word questions to elicit inflation expectations and …

Uncertainty about the future path of inflation affects consumption, saving and investment decisions as well as wage … negotiations and price setting of firms. These decisions are based on inflation expectations which are a key determinant of … inflation in the New Keynesian Phillips Curve. In this paper we therefore explicitly analyse the relationship between inflation …