Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/263607 
Year of Publication: 
2022
Series/Report no.: 
IZA Discussion Papers No. 15391
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic choices in the data and help us make sense of the observed heterogeneous reactions to business-cycle shocks and policy interventions. We conclude by highlighting the relevant open questions and why tackling them is important for academic research and policy making.
Subjects: 
macroeconomics
intertemporal choice
consumption
savings
surveys
monetary policy
fiscal policy
experiments
financial decision-making
cognition
communication
JEL: 
D1
D2
D8
D9
E2
E3
E4
E5
E7
J1
Document Type: 
Working Paper

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