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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: E31 D83 D84 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1016/j.econlet.2019.05.017

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