Household Disagreement about Expected Inflation

Fofana, Salomé, Paula Patzelt and Ricardo Reis

No 18956, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper 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.

JEL-codes: D84 D90 E31 E70 G40 (search for similar items in EconPapers)
Date: 2024-03
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Working Paper: Household Disagreement about Expected Inflation (2024)
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