to positively correlated expectations about these two components. We develop a model with imperfect information that …

This paper compares inflation expectations from surveys and financial markets for the short-, medium-, and long …, efficiency, discrepancy, convergence level, and response to inflation surprises. The results suggest that both expectations are … generally biased, with exception of short-term market expectations. Likewise, they are inefficient as they include past forecast …

This paper investigates the heterogeneity of inflation expectations among households, firms, and professionals across … expectations, assess their stability over time, and evaluate their persistence. Our findings reveal that households and firms rely … heavily on past expectations and year-on-year changes in economic variables, whereas professionals are more responsive to …

to positively correlated expectations about these two components. We develop a model with imperfect information that …