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  1. Greater than the sum of the parts: aggregate vs. aggregated inflation expectations
    Erschienen: [2022]
    Verlag:  Federal Reserve Bank of Cleveland, [Cleveland, OH]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 36
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
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    Auflage/Ausgabe: This version: June 2022
    Schriftenreihe: Federal Reserve Bank of Cleveland working paper series ; no. 22, 20 (June 2022)
    Schlagworte: Household expectations; Survey; Sectoral expectations; Ination expectations
    Umfang: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  2. Greater than the sum of its parts
    aggregate vs aggregated inflation expectations
    Erschienen: [2024]
    Verlag:  Danmarks Nationalbank, Copenhagen

    This paper introduces a novel measure of consumer inflation expectations: We elicit and combine inflation forecasts across categories of personal consumption expenditure to form an aggregated measure of inflation expectations. Drawing on answers from... mehr

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    This paper introduces a novel measure of consumer inflation expectations: We elicit and combine inflation forecasts across categories of personal consumption expenditure to form an aggregated measure of inflation expectations. Drawing on answers from nearly 60,000 respondents, our data cover the early lowinflation environment of the covid-19 pandemic and the 2021 inflation surge. Conventionally elicited inflation expectations consistently exceed aggregated measures constructed under plausible weighting schemes. Aggregated measures display less disagreement and volatility and are stronger predictors of consumers' spending plans. The relative informational value of aggregated measures rises with the individual-level gap between conventional and aggregated inflation expectations. Our results chart a new course for designing measures of inflation expectations.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Auflage/Ausgabe: This version: February 2024
    Schriftenreihe: Array ; no. 199 (9 November 2023)
    Schlagworte: Household expectations; Survey; Sectoral expectations; Inflation expectations
    Umfang: 1 Online-Ressource (circa 79 Seiten), Illustrationen