Download This PaperUpdates to Household Inflation Expectations: Signal or Noise?
9 Pages Posted: 20 May 2019
Date Written: May 7, 2019
Abstract
Using data from the New York Fed’s Survey of Consumer Expectations, we examine the information content of the updates to household inflation expectations. We find that, although consumers frequently revise their expectations, the adjustments are largely uninformative.
Keywords: inflation expectations, revisions to expectations, household surveys, rational inattention
JEL Classification: E31, D83, D84
Suggested Citation: Suggested Citation
Zhao, Yongchen, Updates to Household Inflation Expectations: Signal or Noise? (May 7, 2019). Available at SSRN: https://ssrn.com/abstract=3383841 or http://dx.doi.org/10.2139/ssrn.3383841
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