Heterogeneity in imperfect inflation expectations: theory and evidence from a novel survey

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...

Bibliografske podrobnosti
Main Authors:	Macaulay, A, Moberly, J
Format:	Working paper
Jezik:	English
Izdano:	University of Oxford 2022

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