Updates to household inflation expectations: Signal or noise?

Yongchen Zhao

Economics Letters, 2019, vol. 181, issue C, 95-98

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: D83 D84 E31 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:181:y:2019:i:c:p:95-98

DOI: 10.1016/j.econlet.2019.05.017

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