We study the behavior of U.S. consumers' inflation expectations during the high inflation period of 2021-22 using data … from the Survey of Consumer Expectations. Short- and, to a lesser extent, mediumterm inflation expectations rose as … inflation continued to climb, medium- and longerterm inflation expectations unexpectedly fell and medium- and longer …

households’ short- and long-term expectations about future inflation. This relationship is strong during periods of high-inflation …. Our results show that household perceptions about past inflation drive their expectations about future inflation rates … inflation expectations indirectly - through perceptions. …

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them …

monopolistically competitive firms are free to adjust their prices, their ex ante expectations for the average price are necessarily … expectations triggers a Wicksellian cumulative process that drives the average price further away from equilibrium. (2) In contrast …' simultaneous rational expectations and the economy settles to one of infinitely many globally stable steady-states with Keynesian …

The proposition that inflation expectations can be extracted as inflation predictions from the government bond yield … of inflation. Examining the sub-periods separated by the adoption, in 2000, of inflation targeting, we find that the … monetary policy regime shift strengthened the relationship between the yield spread and future inflation. The results suggest …

long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …