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Improving survey measures of household inflation expectations

Wändi Bruine de Bruin, Simon Potter (), Robert Rich (), Giorgio Topa () and Wilbert van der Klaauw ()

Current Issues in Economics and Finance, 2010, vol. 16, issue Aug/Sep

Abstract: Expectations about future inflation are generally thought to play an important role in households? decisions about spending and saving. They are also of great interest to central bankers, who take them into account when determining policy or assessing the effectiveness of communications with the public. To help improve existing survey measures of inflation expectations, the Federal Reserve Bank of New York recently joined with other institutions and academic consultants to develop a set of survey questions that will yield more reliable information on households? inflation expectations, inflation uncertainty, and expectations about future wage changes.

Keywords: Federal Reserve Bank of New York; Economic forecasting; Inflation (Finance); Households - Economic aspects; Economic surveys (search for similar items in EconPapers)
Date: 2010
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Handle: RePEc:fip:fednci:y:2010:i:aug/sep:n:v.16no.7