Survey measures of consumer inflation expectations have an important shortcoming in that, while providing useful summary measures of the distribution of point forecasts across individuals, they contain no direct information about an individual's uncertainty about future inflation. The latter is...

Survey measures of consumer inflation expectations have an important shortcoming in that, while providing useful summary measures of the distribution of point forecasts across individuals, they contain no direct information about an individual’s uncertainty about future inflation. The latter...

One of the most common findings in behavioral decision research is that people often have unrealistic beliefs about how much they know, but only recently have researchers begun to examine the consequences of these unrealistic beliefs. Unfortunately, examination of this issue is complicated by...