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Introducing the FRBNY Survey of Consumer Expectations: Measuring Price Inflation Expectations

Olivier Armantier, Giorgio Topa, Wilbert van der Klaauw and Basit Zafar

No 20131204a, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: In this second of a series of four blog postings, we discuss the data on inflationexpectationscollected in our new FRBNY Survey of Consumer Expectations (SCE). Inflation expectations are a key consideration for monetary policy as they are believed to influence consumer behavior, thereby affecting economic activity and actual inflation. The SCE data on inflation expectations represent a major innovation as they contain information not previously collected from consumers on a regular basis. In this post, we provide some background on the survey and presentsome initial findings.

Keywords: household finances; inflation; surveys (search for similar items in EconPapers)
JEL-codes: D1 E5 (search for similar items in EconPapers)
Date: 2013-12-04
New Economics Papers: this item is included in nep-mac and nep-mon
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