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Who Is Driving the Recent Decline in Consumers Inflation Expectations?

Olivier Armantier, Giorgio Topa (), Wilbert van der Klaauw () and Basit Zafar

No 20160105, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: The expectations of U.S. consumers about inflation have declined to record lows over the past several months. That is the finding of two leading surveys, the Federal Reserve Bank of New York?s Survey of Consumer Expectations (SCE) and the University of Michigan?s Survey of Consumers (SoC). In this post, we examine whether this decline is broad-based or whether it is driven by specific demographic groups.

Keywords: Expectations; Inflation; Survey (search for similar items in EconPapers)
JEL-codes: E2 D1 (search for similar items in EconPapers)
Date: 2016-01-05
New Economics Papers: this item is included in nep-mac and nep-mon
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