Four mistakes in the use of measures of expected inflation
Reis, Ricardo
creator
text
AEA Papers and Proceedings
monographic
eng
113, May, 2023: p.47-51
With the profusion of measures of expected inflation (from market prices and from surveys of households, firms, and professionals), it is a mistake to focus on a single one while ignoring the others. This paper discusses four common arguments for a single focus and finds each of them to be lacking. In the process, it isolates characteristics of different measures that models that combine them should take into account.- Reproduced
AEA Papers and Proceedings
230915