Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...

This policy brief discusses trends in consumer inflation uncertainty. Inflation uncertainty measures are from the Federal Reserve Bank of New York Survey of Consumer Expectations and from the Michigan Survey of Consumers

This paper presents survey-based direct measures of inflation expectations of consumers, enterprises and financial sector analysts in Poland. It then goes on to provide the results of testing those features of inflation expectations that seem the most important from the point of view of monetary...

What sources of information do consumers use in forming their inflation expectations? We show for the United States and Australia that consumers report significantly lower inflation expectations when the political party they support holds executive office. This is surprising because both the...