Updates to Household Inflation Expectations: Signal or Noise?

Yongchen Zhao

No 2019-01, Working Papers from Towson University, Department of Economics

Abstract: Using data from the New York Fed's Survey of Consumer Expectations, we examine the information content of the updates to household inflation expectations. We find that, although consumers frequently revise their expectations, the adjustments are largely uninformative.

Keywords: Inflation expectations; revisions to expectations; household surveys; rational inattention. (search for similar items in EconPapers)
JEL-codes: D82 D84 E31 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2019-05, Revised 2019-05
New Economics Papers: this item is included in nep-bec, nep-mac, nep-mon and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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http://webapps.towson.edu/cbe/economics/workingpapers/2019-01.pdf First version, 2019 (application/pdf)

Related works:
Journal Article: Updates to household inflation expectations: Signal or noise? (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:tow:wpaper:2019-01

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