Results 1 to 10 of about 22,442 (216)
Heterogeneous Inflation Expectations and Learning [PDF]
Journal of Money, Credit and Banking, 2015 Using the panel component of the Michigan Survey of Consumers, we estimate a learning model of inflation expectations, allowing for heterogeneous use of private information and lifetime inflation experience. Life experience inflation has a significant impact on individual expectations, but only for 1‐year‐ahead inflation.
CARLOS Madeira, Basit Zafar
exaly +3 more sources
Effects of Inflation Expectations on Inflation [PDF]
SSRN Electronic Journal, 2021 Abstract We study the effects of professionals’ survey-based inflation expectations on inflation for a large number of 36 economies, using dynamic cross-country panel estimation of New-Keynesian Phillips curves. We find that inflation expectations have a significantly positive effect on inflation.
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Inflation Expectations: Review and Evidence [PDF]
SSRN Electronic Journal, 2019 This paper presents a comprehensive examination of the determination and evolution of inflation expectations, with a focus on emerging market and developing economies (EMDEs). The results suggest that long-term inflation expectations in EMDEs are not as well anchored as those in advanced economies, despite notable improvements over the past two decades.
Matsuoka, Hideaki +3 more
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Are inflation expectations rational? [PDF]
Journal of Monetary Economics, 2008 Abstract Several recent papers report evidence of an apparent statistical bias in inflation expectations and interpret these findings as overturning the rational expectations hypothesis. In this paper, we investigate the validity of such an interpretation.
David Andolfatto +2 more
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Updating Inflation Expectations [PDF]
SSRN Electronic Journal, 2012 This paper investigates how inflation expectations evolve. In particular, we analyze the time-varying nature of the propensity to update expectations and its potential determinants. For this purpose we set up a flexible econometric model that tracks the formation of inflation expectations of consumers at each moment in time. We show that the propensity
Michael J. Lamla, Samad Sarferaz
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Anchored Inflation Expectations [PDF]
SSRN Electronic Journal, 2017 We develop a theory of low-frequency movements in inflation expectations, and use it to interpret joint dynamics of inflation and inflation expectations for the United States and other countries over the postwar period. In our theory, long-run inflation expectations are endogenous. They are driven by short-run inflation surprises, in a way that depends
Viana de Carvalho, Carlos +3 more
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The Long-Term Effects of Inflation on Inflation Expectations
SSRN Electronic Journal, 2023 We study the long-term effects of inflation surges on inflation expectations. German households living in areas with higher local inflation during the hyperinflation of the 1920s expect higher inflation today. Our evidence points towards a transmission of inflation experiences from parents to children and through local institutions.
Braggion, Fabio +3 more
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Inflation Regimes and Inflation Expectations [PDF]
SSRN Electronic Journal, 1997 There has been much talk in the popular press about the difficulty of attaining credibility in the bond markets for the low-inflation policies that have been adopted by a number of central banks in recent years. This credibility problem is particularly severe for those countries that have a history of high inflation.
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News on Inflation and the Epidemiology of Inflation Expectations [PDF]
SSRN Electronic Journal, 2012 Abstract: This paper examines the nexus between news coverage on inflation and households' inflation expectations. In doing so, we test the epidemiological foundations of the sticky information model (Carroll, 2003, 2006). We use both aggregate and household-level data from the Survey Research Center at the University of Michigan.
Santoro, Emiliano, Pfajfar, Damjan
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Inflation Expectations in Poland [PDF]
SSRN Electronic Journal, 2012 This paper presents survey-based direct measures of inflation expectations of consumers, enterprises and financial sector analysts in Poland. It then goes on to provide the results of testing those features of inflation expectations that seem the most important from the point of view of monetary policy and its transmission mechanism. Characteristics of
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