Four Mistakes in the Use of Measures of Expected Inflation

Ricardo Reis

AEA Papers and Proceedings, 2023, vol. 113, 47-51

Abstract: With the profusion of measures of expected inflation (from market prices and from surveys of households, firms, and professionals), it is a mistake to focus on a single one while ignoring the others. This paper discusses four common arguments for a single focus and finds each of them to be lacking. In the process, it isolates characteristics of different measures that models that combine them should take into account.

JEL-codes: D84 E31 E37 G20 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Four mistakes in the use of measures of expected inflation (2023)
Working Paper: Four mistakes in the use of measures of expected inflation (2023)
Working Paper: Four mistakes in the use of measures of expected inflation (2023)
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DOI: 10.1257/pandp.20231033

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