Heterogeneous inflation expectations, learning, and market outcomes

Research English OPEN
Madeira, Carlos; Zafar, Basit;
  • Publisher: New York, NY: Federal Reserve Bank of New York
  • Subject: C53 | C81 | E31 | E37 | D83 | D84 | inflation expectations | imperfect information | heterogeneous expectations | learning | sticky information | Inflationserwartung | Unvollkommene Information | Lernprozess | Soziale Schicht | Schätzung | USA
    • ddc: ddc:330

Using the panel component of the Michigan Survey of Consumers, we show that individuals, in particular women and ethnic minorities, are highly heterogeneous in their expectations of inflation. We estimate a model of inflation expectations based on learning from experien... View more
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