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Are inflation expectations rational?
16 references·16 citing·41 second hopsampled
Are inflation expectations rational? (2007)Are inflation expectations rational?Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Nominal Rigidities and the Dy…Learning and monetary policy shifts (2005)Learning and monetary policy …Interpreting the Significance of the Lagged Interest Rate in Estimated Monetary Policy Rules (2003)Interpreting the Significance…Imperfect credibility and inflation persistence (2003)Imperfect credibility and inf…Disagreement about Inflation Expectations (2003)Disagreement about Inflation …Sticky-price models of the business cycle: Specification and stability (2001)Sticky-price models of the bu…Optimal monetary policy with staggered wage and price contracts (2000)Optimal monetary policy with …Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Monetary Policy Rules and Mac…Survey Measures of Expected U.S. Inflation (1999)Survey Measures of Expected U…Is inflation sticky? (1997)Is inflation sticky?Nominal price rigidity, money supply endogeneity, and business cycles (1996)Nominal price rigidity, money…Automatic Lag Selection in Covariance Matrix Estimation (1994)Automatic Lag Selection in Co…Discretion versus policy rules in practice (1993)Discretion versus policy rule…Changing Beliefs and Systematic Rational Forecast Errors with Evidence from Foreign Exchange (1989)Changing Beliefs and Systemat…Staggered prices in a utility-maximizing framework (1983)Staggered prices in a utility…Optimal Properties of Exponentially Weighted Forecasts (1960)Optimal Properties of Exponen…Overpersistence Bias in Individual Income Expectations and Its Aggregate Implications (2023)Overpersistence Bias in Indiv…Inflation Persistence and the Rationality of Inflation Expectations (2022)Inflation Persistence and the…Learning About the Long Run (2021)Learning About the Long RunOn the External Validity of Experimental Inflation Forecasts: A Comparison with Five Categories of Field Expectations (2018)On the External Validity of E…Gradual learning about shocks and the forward premium puzzle (2018)Gradual learning about shocks…DOES INFLATION TARGETING MATTER? AN EXPERIMENTAL INVESTIGATION (2016)DOES INFLATION TARGETING MATT…STABILISATION POLICY, RATIONAL EXPECTATIONS AND PRICE‐LEVEL VERSUS INFLATION TARGETING: A SURVEY (2014)STABILISATION POLICY, RATIONA…Tracking U.S. inflation expectations with domestic and global indicators (2010)Tracking U.S. inflation expec…Accuracy, unbiasedness and efficiency of professional macroeconomic forecasts: An empirical comparison for the G7 (2010)Accuracy, unbiasedness and ef…Real Interest Rate Persistence: Evidence and Implications (2009)Real Interest Rate Persistenc…On the Epidemiological Microfoundations of Sticky Information* (2009)On the Epidemiological Microf…What drives inflation expectations in Brazil? An empirical analysis (2008)What drives inflation expecta…Real Interest Rate Persistence: Evidence and Implications (2008)Real Interest Rate Persistenc…Real Interest Rate Persistence: Evidence and Implications (2008)Real Interest Rate Persistenc…Learning Trend Inflation – Can Signal Extraction Explain Survey Forecasts? (2008)Learning Trend Inflation – Ca…What Drives Inflation Expectations in Brazil?: An Empirical Analysis (2005)What Drives Inflation Expecta…Some International Evidence on Output-Inflation Tradeoffs. (1973)Aggregate Dynamics and Staggered Contracts (1980)Staggered Prices in a Utility-Maximizing Framework (1996)Inflation Dynamics: A Structural Econometric Analysis (2000)The Inexorable and Mysterious Tradeoff Between Inflation and Unemployment (2001)What Can Survey Forecasts Tell Us about Information Rigidities? (2012)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)The General Theory of Employment, Interest, and Money (2018)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Inflation and Costs of Price Adjustment (1977)Behavioral Macroeconomics and Macroeconomic Behavior (2002)Employment Fluctuations with Equilibrium Wage Stickiness (2005)Unemployment Fluctuations with Staggered Nash Wage Bargaining (2009)Forecasting Sales by Exponentially Weighted Moving Averages (1960)Rational Expectations and the Theory of Price Movements (1961)Planning Production, Inventories, and Work Force. (1962)Econometric policy evaluation: A critique (1976)Trends and random walks in macroeconmic time series (1982)A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the ‘business cycle’ (1981)Production, growth and business cycles (1988)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory (1998)Inflation targeting as a monetary policy rule (1999)Optimal Monetary Policy Inertia (1999)Rules, discretion and reputation in a model of monetary policy (1983)Estimation and Inference of Impulse Responses by Local Projections (2005)Inflation dynamics: A structural econometric analysis (1999)The Science of Monetary Policy: A New Keynesian Perspective (1999)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)The Role of Monetary Policy (1995)The Impact of Uncertainty Shocks (2009)Macroeconomic Expectations of Households and Professional Forecasters (2003)Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions (2003)Disagreement and the Stock Market (2007)The Transmission of Monetary Policy Shocks (2017)MONEY, INCOME, AND CAUSALITY (1972)Generalized autoregressive conditional heteroskedasticity (1986)Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation (1991)Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk (2001)Individualism and Momentum around the World (2010)Sentiment During Recessions (2012)
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References

  • 1993Discretion versus policy rules in practice9,059 cited
  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 2005Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy5,868 cited
  • 2000Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*4,631 cited
  • 1994Automatic Lag Selection in Covariance Matrix Estimation3,242 cited
  • 2000Optimal monetary policy with staggered wage and price contracts2,281 cited
  • 1996Nominal price rigidity, money supply endogeneity, and business cycles1,232 cited
  • 1960Optimal Properties of Exponentially Weighted Forecasts985 cited
  • 2003Disagreement about Inflation Expectations765 cited
  • 1997Is inflation sticky?487 cited
  • 2003Imperfect credibility and inflation persistence431 cited
  • 2001Sticky-price models of the business cycle: Specification and stability347 cited
  • 1999Survey Measures of Expected U.S. Inflation296 cited
  • 2005Learning and monetary policy shifts256 cited
  • 1989Changing Beliefs and Systematic Rational Forecast Errors with Evidence from Foreign Exchange256 cited
  • 2003

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Interpreting the Significance of the Lagged Interest Rate in Estimated Monetary Policy Rules
207 cited

Cited by

  • 2010Accuracy, unbiasedness and efficiency of professional macroeconomic forecasts: An empirical comparison for the G7124 cited
  • 2021Learning About the Long Run110 cited
  • 2008Real Interest Rate Persistence: Evidence and Implications65 cited
  • 2008What drives inflation expectations in Brazil? An empirical analysis61 cited
  • 2016DOES INFLATION TARGETING MATTER? AN EXPERIMENTAL INVESTIGATION54 cited
  • 2023Overpersistence Bias in Individual Income Expectations and Its Aggregate Implications48 cited
  • 2014STABILISATION POLICY, RATIONAL EXPECTATIONS AND PRICE‐LEVEL VERSUS INFLATION TARGETING: A SURVEY33 cited
  • 2008Learning Trend Inflation – Can Signal Extraction Explain Survey Forecasts?29 cited
  • 2005What Drives Inflation Expectations in Brazil?: An Empirical Analysis29 cited
  • 2022Inflation Persistence and the Rationality of Inflation Expectations27 cited
  • 2008Real Interest Rate Persistence: Evidence and Implications24 cited
  • 2009Real Interest Rate Persistence: Evidence and Implications22 cited
  • 2018On the External Validity of Experimental Inflation Forecasts: A Comparison with Five Categories of Field Expectations21 cited
  • 2018Gradual learning about shocks and the forward premium puzzle20 cited
  • 2010Tracking U.S. inflation expectations with domestic and global indicators17 cited
  • 2009On the Epidemiological Microfoundations of Sticky Information*17 cited