Do Household Expectations Help Predict Inflation?

Released on by Mr. Luis Brandão-Marques
preview-18

  • Do Household Expectations Help Predict Inflation? Book Detail

  • Author : Mr. Luis Brandão-Marques
  • Release Date : 2023-10-27
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 32
  • ISBN 13 :
  • File Size : 82,82 MB
DOWNLOAD BOOK

Do Household Expectations Help Predict Inflation? by Mr. Luis Brandão-Marques PDF Summary

Book Description: We examine whether changes in the distribution of household inflation expectations contain information on future inflation. We first discuss recent shifts in micro data from the US, UK, Germany, and Canada. We then zoom in on the US to explore econometrically whether distributional characteristics help predict future inflation. We find that the shape of the distribution of household expectations does indeed help predict one-year-ahead CPI inflation. Variance and skewness of household expectations’ distributions add predictive power beyond and above the median, especially in periods of high inflation. Remarkably, qualitatively, these results hold when including market-based measures and moments of the distribution of professional forecasts.

Disclaimer: www.yourbookbest.com does not own Do Household Expectations Help Predict Inflation? books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Inflation Expectations

Inflation Expectations

File Size : 64,64 MB
Total View : 9651 Views
DOWNLOAD

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t

NBER Macroeconomics Annual 2003

NBER Macroeconomics Annual 2003

File Size : 40,40 MB
Total View : 6463 Views
DOWNLOAD

The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers to an audience of public policymakers and the academic