experiences of these macroeconomic outcomes they have made during life. Focusing on expectations about national inflation …

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

In this paper, we explore the degree of anchoring of consumers' individual long-run inflation expectations utilizing …-run inflation expectations became more anchored over the last decades, as the degree of co-movement between short- and long … seems that older cohorts, who experienced the high inflation period of the 1970s, remain less anchored in their long …

inflation and deflationary biases in inflation expectations. In a model with an occasionally binding zero-lower-bound constraint …, we show that an inflation bias as well as a deflationary bias exist as a steady-state outcome. We assess the predictions … of this model using unique individual-level inflation expectations data across nine countries that allow for a direct …

Inflation expectations are key to economic activity, and in the current economic climate of a heated labor market, they … therefore individual behavior, may not be sensitive to changes in inflation when it is low. This paper explores evidence of such … inflation expectations. Exploring inflation thresholds of 2, 3, and 4 percent, our findings are consistent with the inattention …

A regime shift towards increased inflation expectations is credited with jumpstarting the recovery from the Great … Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation … expectations play at the start of this remarkable economic upturn? To answer this question, we study inflation expectations in …

We explore the dynamics of inflation, inflation expectations, and seigniorage-financed fiscal deficits in Mexico. To do … so, we estimate the model in Sargent, Williams, and Zha (2009) using Mexican CPI inflation data. This model features dual … expected inflation equilibriums and regime switching in the mean and variance of the fiscal deficit probability density …

inflation. Based on a range of panel regressions, we find that accurate perceptions of recent price changes are an important … determinant of the accuracy of next-year inflation expectations. The realism of inflation perceptions is, in turn, related to the … frequent newspaper usage does not necessarily reduce errors in inflation perceptions. …

A puzzle from the Great Recession is an apparent mismatch between a fall in the persistence of European inflation rates …, and the increased variability of expert forecasts of inflation. We explain this puzzle and show how country specific … beliefs about inflation are still quite close to the European Central Bank target of 2% (what we call official target …

A puzzle from the Great Recession is an apparent mismatch between a fall in the persistence of European inflation rates …, and the increased variability of expert forecasts of inflation. We explain this puzzle and show how country specific … beliefs about inflation are still quite close to the European Central Bank target of 2% (what we call official target …