INOUE, ATSUSHI; KILIAN, LUTZ; KIRAZ, FATMA BURCU - In: Journal of Money, Credit and Banking 41 (2009) 7, pp. 1331-1363
Survey data on household expectations of inflation are routinely used in economic analysis, yet it is not clear how accurately households are able to articulate their expectations in survey interviews. We propose an alternative approach to recovering households' expectations of inflation from...