, this study explores how the adverse weather events linked to ENSO affect the inflation expectations in Colombia and how to … the inflation expectations obtained from surveys and break-even inflation measures are affected by weather supply shocks … the mechanisms in which weather-related shocks affect marginal costs and inflation expectations. We find that ENSO shocks …

, this study explores how adverse weather events linked to ENSO affect inflation expectations in Colombia and how to … inflation expectations - obtained from surveys and break-even inflation measures - are influenced by weather-related supply … incorporate the mechanisms through which weather-related shocks could affect marginal costs and inflation expectations. We …

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 …

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 …

This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank …, we first test the effect of non-numerical information about inflation and monetary policy, the extitliteracy treatment … received the extitliteracy treatment, incorporate quantitative information differently into their inflation forecasts. We find …

This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank …, we first test the effect of non-numerical information about inflation and monetary policy, the literacy treatment. In the … the literacy treatment, incorporate quantitative information differently into their inflation forecasts. We find that the …

Empirical evidence suggests consumers rely on their shopping experiences to form beliefs about inflation. In other …. Learning by shopping anchors households' beliefs about inflation to its past, causing disagreement with firms over the value of … inflation, increases the degree of anchoring of households' inflation expectations, and flattens the slope of the Phillips curve …

We propose a new approach to assessing the anchoring of inflation expectations using "strategic surveys". Namely, we … measure households' revisions in long-run inflation expectations after they are presented with different economic scenarios. A … key advantage of this approach is that it provides a causal interpretation in terms of how inflation events affect long …

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 surged in 2021. Disagreement and uncertainty about future inflation increased significantly. Then, in 2022, even as …