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Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
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the Belgian component of the Household Finance and Consumption Survey. We find that the fraction of hand … observable characteristics and marginal propensities to consume (MPCs) of the three household types We find that Belgian wealthy …
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