inflation. In two large-scale experiments, one conducted in the US and one in Germany, we show how the specifics of the response … survey design and for central banks' optimal adjustment of the response scales during times of high inflation. …

In density forecasts, respondents are asked to assign probabilities to pre-specifted ranges of inflation. We show in … implications for survey design and how central banks can adjust the response scales during times of high inflation. …

advantages over the standard scale which is centered at zero inflation: First, they mitigate the impact of the central tendency … the need to adjust the scale when actual inflation falls outside the range for which the response scale was designed. Our …

We examine whether inflation expectations obtained by open- and closed-ended questions lead to different inflation … expectations through a randomized controlled trial. We find that different questionnaires measure significantly different inflation … expectations, especially in the short term. We further investigate whether inflation expectations induce consumers to change the …

We compare the formation of quantitative inflation perceptions and expectations from questions asked either in terms of … price changes or in terms of the inflation rate in a new socio-economic household survey established at the University of … bank, risk attitudes as well as news heard on monetary policy or inflation. We find that the upwards bias of reported …

Public expectations and perceptions of inflation may affect economic decisions, and have subsequent effects on actual … inflation. The Michigan Survey of Consumers uses questions about “prices in general” to measure expected and perceived inflation …. Median responses track official measure of inflation, showing some tendency toward overestimation and considerable …

Public expectations and perceptions of inflation may affect economic decisions, and have subsequent effects on actual … inflation. The Michigan Survey of Consumers uses questions about “prices in general” to measure expected and perceived inflation …. Median responses track official measure of inflation, showing some tendency toward overestimation and considerable …

the Covid pandemic. Inflation responded asymmetrically to movements in demand. This helps to explain why inflation did not … most of the rise during the rebound. Inflation rates across firms have become more dispersed and skewed since the start of … the pandemic. We find that average price inflation is positively correlated with the dispersion and skewness of the …

Since 2022, consumer inflation expectations have shifted, with a significant increase in those expecting high inflation … Consumer Expectations, this paper seeks to assess the factors that influence people to expect high inflation, moderate … inflation or deflation. While expectations of high inflation are largely based on perceptions about current inflation, most of …