Four mistakes in the use of measures of expected inflation

Ricardo Reis

No 17850, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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.

Keywords: Phillips curve; Monetary policy (search for similar items in EconPapers)
JEL-codes: D84 E31 E52 (search for similar items in EconPapers)
Date: 2023-01
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Related works:
Journal Article: 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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