primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive … observing how they revise their expectations about future inflation as well as taxes and government spending. We find that … information about the current debt or deficit levels has little impact on inflation expectations but that news about future debt …

This study applies the concept of pattern-based inflation expectations to the measurement of U.S. real rates of … interest. The measure of expected inflation builds on a laboratory-based survey of expectations. We show how our measures of … real interest rates differ from measures based on the Michigan survey of inflation expectations. In econometric estimates …

We implement a survey of Dutch households in which random subsets of respondents receive information about inflation …. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect … subsequent monthly consumption decisions relative to those in a control group. The causal effects of elevated inflation …

Using Italian data that includes both inflation forecasts of firms and external information on their balance sheets, we … study the causal effect of changes in the dispersion of beliefs about future inflation on the misallocation of resources. We … find that as disagreement increases, so does misallocation. In times of low inflation, the aggregate TFP loss of the …

This paper uses micro-data from the Reserve Bank of New Zealand’s Household Inflation Expectations survey to obtain a … more accurate read of households’ true inflation expectations by understanding how different demographic groups respond (or … demonstrate how to adjust for bias in aggregate (mean) measures of inflation expectations caused by item non-response. We show …

coverage of high-frequency identified monetary policy announcements on households’ inflation expectations in an event study and …, the adaptation of inflation expectations is stronger than without coverage. Second, we find that coverage of ‘delphic … shocks lead to households lowering their inflation expectations, as opposed to coverage of a textbook, ‘odyssean’, monetary …

consumer response behavior and the corresponding inflation expectations. To this end, survey participants from a representative … asking for their subjective distribution for inflation over the next 12 months. As part of the experiment, two competing … inflation rate. In addition, I compare the responses to a question asking for consumers’ probabilistic beliefs about future …

implementation of Muth’s hypothesis to represent market participants’ inflation expectations under Knightian uncertainty arising from … that processes driving inflation time-series and inflation forecasts undergo nonrecurring structural shifts. In contrast to …

We study how different forms of communication influence the inflation expectations of individuals in a randomized … controlled trial. We first solicit individuals’ inflation expectations in the Nielsen Homescan panel and then provide eight … different forms of information regarding inflation. Reading the actual Federal Open Market Committee (FOMC) statement has about …