Expectations of Inflation: The Biasing Effect of Thoughts about Specific Prices

@article{Bruin2011ExpectationsOI,
  title={Expectations of Inflation: The Biasing Effect of Thoughts about Specific Prices},
  author={W. B. D. Bruin and W. V. D. Klaauw and G. Topa},
  journal={Journal of Economic Psychology},
  year={2011},
  volume={32},
  pages={834-845}
}
  • W. B. D. Bruin, W. V. D. Klaauw, G. Topa
  • Published 2011
  • Economics
  • Journal of Economic Psychology
  • National surveys follow consumers’ expectations of future inflation, because these may directly affect the economic choices they make, indirectly affect macro-economic outcomes, and are considered in monetary policy. Yet, relatively little is known about how individuals form the inflation expectations they report on consumer surveys. Medians of reported inflation expectations tend to track official estimates of realized inflation, but show large heterogeneity between respondents, due to some… CONTINUE READING
    60 Citations
    Salient Price Changes, Inflation Expectations, and Household Behavior
    • 16
    • Highly Influenced
    Perceptions and Expectations of Inflation by U.S. Households
    • 2
    • Highly Influenced
    • PDF
    Modeling heterogeneous inflation expectations: empirical evidence from demographic data?
    • 7
    • Highly Influenced
    • PDF

    References

    SHOWING 1-10 OF 43 REFERENCES
    Survey Measures of Expected U.S. Inflation
    • 290
    Hindsight bias in economic expectations: I knew all along what I want to hear.
    • 37