The expected, perceived, and realized inflation of us households before and during the covid19 pandemic

M Weber, Y Gorodnichenko, O Coibion - 2022 - nber.org
As the pandemic spread across the US, disagreement among US households about inflation
expectations surged along with the mean perceived and expected level of inflation …

Inflation levels and (in) attention

A Bracha, J Tang - Review of Economic Studies, 2024 - academic.oup.com
Inflation expectations are key determinants of economic activity and are central to the current
policy debate about whether inflation expectations will remain anchored in the face of recent …

Would households understand average inflation targeting?

M Hoffmann, E Moench, L Pavlova… - Journal of Monetary …, 2022 - Elsevier
Yes, they would. In a randomized control trial, we provide groups of respondents from the
Bundesbank Online Panel Households with information about a hypothetical alternative …

Low passthrough from inflation expectations to income growth expectations: why people dislike inflation

I Hajdini, ES Knotek II, J Leer, M Pedemonte, RW Rich… - 2023 - clevelandfed.org
We implement a novel methodology to disentangle two-way causality in inflation and income
expectations in a large, nationally representative survey of US consumers. We find a 20 …

Firms' inflation expectations: New evidence from France

F Savignac, E Gautier, Y Gorodnichenko… - Journal of the …, 2024 - academic.oup.com
Using a new survey of firms' inflation expectations in France, we provide novel evidence
about the measurement and formation of inflation expectations on the part of firms. First …

Should the ECB adjust its strategy in the face of a lower r★?

P Andrade, J Galí, H Le Bihan, J Matheron - Journal of Economic Dynamics …, 2021 - Elsevier
We address this question using an estimated New Keynesian DSGE model of the Euro Area
with trend inflation, imperfect indexation, and a lower bound on the nominal interest rate. In …

Inflation expectations and their role in Eurosystem forecasting

U Baumann, M Darracq Paries, T Westermann, M Riggi… - 2021 - papers.ssrn.com
This paper summarises the findings of the Eurosystem's Expert Group on Inflation
Expectations (EGIE), which was one of the 13 work streams conducting analysis that fed into …

Zero lower bound on inflation expectations

Y Gorodnichenko, D Sergeyev - 2021 - nber.org
We document a new fact: in US, European and Japanese surveys, households do not
expect deflation, even in environments where persistent deflation is a strong possibility. This …

The macroeconomic expectations of US managers

EML McClure, V Yaremko, O Coibion… - Journal of Money …, 2024 - Wiley Online Library
Using responses obtained through the Nielsen Homescan panel survey, we explore the
differences between managers' and nonmanagers' expectations and perceptions of inflation …

Inflation Expectations, Inflation Target Credibility, and the COVID‐19 Pandemic: Evidence from Germany

W Coleman, D Nautz - Journal of Money, Credit and Banking, 2023 - Wiley Online Library
Using the exact wording of the European Central Bank's definition of price stability, we
started a representative online survey of German citizens in January 2019 that is designed …