Household Disagreement about Expected Inflation

Salomé Fofana (), Paula Patzelt () and Ricardo Reis
Additional contact information
Salomé Fofana: London School of Economics (LSE)
Paula Patzelt: London School of Economics (LSE)

No 2418, Discussion Papers from Centre for Macroeconomics (CFM)

Abstract: This paper surveys the major facts from research on disagreement between households on what they expect inflation to be. We document them using figures and correlations that capture: the statistical regularities on the observable drivers of disagreement, the measurement of residual disagreement, the usefulness of disagreement to forecast inflation, the response of disagreement to shocks, the disagreement between households and professionals, and the relation between disagreement, risk, and uncertainty.

Keywords: Inflation Expectations; Dispersion of Beliefs; Survey Data (search for similar items in EconPapers)
JEL-codes: D84 D90 E31 E70 G40 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2024-03
New Economics Papers: this item is included in nep-mon
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Household Disagreement about Expected Inflation (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:cfm:wpaper:2418

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