Measuring consumer uncertainty about future inflation

  title={Measuring consumer uncertainty about future inflation},
  author={W. B. D. Bruin and C. Manski and G. Topa and W. V. D. Klaauw},
  journal={Staff Reports},
  • W. B. D. Bruin, C. Manski, +1 author W. V. D. Klaauw
  • Published 2009
  • Economics
  • Staff Reports
  • Survey measures of consumer inflation expectations have an important shortcoming in that, while providing useful summary measures of the distribution of point forecasts across individuals, they contain no direct information about an individual's uncertainty about future inflation. The latter is important not only for forecasting inflation and other macroeconomic outcomes, but also for assessing a central bank's credibility and effectiveness of communication. This paper explores the feasibility… CONTINUE READING
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