Articlediamond2001

The demographics of inflation opinion surveys

144 citations0/0 files storedEconomic Commentary (Federal Reserve Bank of Cleveland)

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Monetary Policy and Economic Impact Financial Literacy, Pension, Retirement Analysis Forecasting Techniques and Applications

Abstract

In this Commentary, we document that people report very different perceptions and predictions of inflation depending upon their income, education, age, race, and gender - a strange finding that may provide an important clue to understanding how to interpret survey data of inflation expectations.

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2008What’s behind “inflation perceptions”? A survey-based analysis of Italian consumers 2012The Role of Central Bank Transparency for Guiding Private Sector Forecasts*2020Are Consumers' Spending Decisions in Line with A Euler Equation?2011Memories of high inflation 2012The Role of Media for Inflation Forecast Disagreement of Households and Professional Forecasters 2011Expectations of Inflation: The Biasing Effect of Thoughts about Specific Prices 2023Forward Guidance and Household Expectations 2014Economic Literacy and Inflation Expectations: Evidence from a Laboratory Experiment

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