I investigate how households and firms adjust their inflation expectations when experiencing an increase in their … from professional forecasts. Contrary to households, firms do not extrapolate energy price increases to their inflation … expectations. Thus, decision-makers in firms form their expectations similarly to high-income households. …

We use data from a large panel survey of UK firms to analyze the economic drivers of price setting since the start of … most of the rise during the rebound. Inflation rates across firms have become more dispersed and skewed since the start of … distribution. Finally, we also introduce a novel measure of subjective inflation uncertainty within firms and show how this has …

We implement a survey of Dutch households in which random subsets of respondents receive information about inflation … evidence that this is likely driven by the fact that Dutch households seem to become more pessimistic about their real income …

We provide evidence for an expectation gap, where risk-averse as well as impatient households and experts provide …

This study analyzes how firms form their inflation expectations during a regime change in monetary policy and a … transition to a low-inflation environment. Using the Bank of Israel survey of firms, we document the basic properties of firms …' inflation expectations and examine how Israeli firms update their inflation expectations after receiving new information about …

Analysis of monthly disaggregated data from 1978 to 2016 on US household inflation expectations reveals that exposure … household personal characteristics, their perceptions of the effectiveness of government policies, their expectations of future …

to explain inflation expectations. This remains true when control- ling for household personal characteristics …

and wage expectations of UK manufacturing firms. To identify the effect of QE on firms' expectations, we use a novel … firms, and so are other macroeconomic developments like aggregate inflation or GDP growth. We find that firms' inflation …