D84 - Expectations; Speculations

• Consumer Attitudes and the Epidemiology of Inflation Expectations

  Staff Working Paper 2014-28 Michael Ehrmann, Damjan Pfajfar, Emiliano Santoro

  This paper studies the formation of consumers’ inflation expectations using micro-level data from the Michigan Survey. It shows that beyond the well-established socio-economic determinants of inflation expectations such as gender, income or education, other characteristics such as the households’ financial situation and their purchasing attitudes also matter.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices JEL Code(s): C, C5, C53, D, D8, D84, E, E3, E31