Disagreement in Consumer Inflation Expectations

By carefully matching the data sets from the Michigan Survey of Consumers with the Survey of Professional Forecasters, we show that there exists substantial heterogeneity in the propensity of U.S. households to learn from experts in forming inflation expectations. Additional results for a group of E...

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Veröffentlicht in:	Journal of money, credit and banking credit and banking, 2023-12, Vol.55 (8), p.2215-2241
Hauptverfasser:	ŁYZIAK, TOMASZ, SHENG, XUGUANG SIMON
Format:	Artikel
Sprache:	eng
Schlagworte:	Consumers disagreement Disputes Experts Households inflation expectation Inflation expectations information rigidity Polls & surveys
Online-Zugang:	Volltext
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