To conduct monetary policy, central banks around the world increasingly rely on measures
of public inflation expectations. In this article, we review findings from an ongoing initiative at …

In this paper we analyze whether central bank communication can facilitate the
understanding of key economic concepts. Using survey data for consumers and …

This paper explores which factors trigger an adjustment in consumers' inflation expectations
and looks at the implications regarding forecast errors. We find support for imperfect …

Inflation expectations are often found to depend on socioeconomic and demographic
characteristics of households, such as age, income and education, however, the reasons for …

This paper models expectation formation by taking into account that agents may produce
heterogeneous expectations because of informational frictions and differing levels of a …

In this paper, we explore the degree of anchoring of consumers' individual long-run inflation
expectations utilizing the University of Michigan Survey of Consumer's rotating panel micro …

Expectations are important for economic decisions. Inflation expectations feed not only into
consumption and investment decisions but also into price and wage setting, which are …

Using the microdata of the Michigan Survey of Consumers, we evaluate whether US
consumers form macroeconomic expectations consistent with different economic concepts …

We compare the formation of quantitative infl ation perceptions and expectations from
questions asked either in terms of price changes or in terms of the in flation rate in a new …

This study is undertaken having the main purpose of testing the structural relationship of
consumers' learning, satisfaction, and attitude with'purchase intention'after confirming their …