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Household disagreement about expected inflation

Salomé Fofana, Paula Patzelt and Ricardo Reis

Chapter 15 in Research Handbook on Inflation, 2025, pp 335-357 from Edward Elgar Publishing

Abstract: This chapter 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; Survey data (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035327751
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