Heterogeneity in imperfect inflation expectations: theory and evidence from a novel survey
A given observation of uncertainty in expected inflation could be consistent with many different beliefs about how inflation is formed, with different implications for the aggregate transmission of shocks. We add novel questions to the Bundesbank Survey of Consumer Expectations to elicit (i) how per...
| Príomhchruthaitheoirí: | , |
|---|---|
| Formáid: | Working paper |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
University of Oxford
2022
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