We compare the inflation expectations reported by consumers in a survey with their behavior
in a financially incentivized investment experiment. The survey is found to be informative in …

Consumers' inflation expectations play a key role in the monetary transmission mechanism.
As such, it is crucial for monetary policymakers to understand what they are and how they …

Households' inflation perceptions and expectations play a key role in many dynamic
macroeconomic and monetary models and are important for the ability of central banks to …

We analyze the interrelation between consumers' quantitative inflation perceptions and
expectations as well as actual inflation rates in Sweden. The role of media reports about …

This paper summarises the findings of the Eurosystem's Expert Group on Inflation
Expectations (EGIE), which was one of the 13 work streams conducting analysis that fed into …

This paper–which takes into consideration overall experience with the Harmonised Index of
Consumer Prices (HICP) as well as the improvements made to this measure of inflation …

The objective of theoretical models of information rigidities is to capture the fact that people
are constrained in their ability to acquire and process all available information. Given that …

The paper employs survey data on quantitative inflation perceptions to investigate the
formation of consumers' opinions about current price developments. Firstly, we compare …

Perceptions and forecasts of inflation have the potential to impact on a range of economic
outcomes. We reveal large, systematic overestimation of inflation by Irish consumers, which …

Building on prospect theory, we apply the concept of loss aversion to the formation of
inflation perceptions and test empirically for nonlinearities in the inflation-perceptions …