Disagreement among Households May Foreshadow a Rise in Inflation Expectations

Andrew Glover

Economic Bulletin, 2022, issue June 29, 2022, 3

Abstract: Households’ expectations about future inflation can influence realized inflation, so many policymakers track median household inflation expectations. However, the median changes slowly if households learn about economic fundamentals gradually. A widening distribution of household inflation expectations may foreshadow an increase in the median. During 2021, for example, disagreement about inflation expectations rose months before the median increased appreciably.

Keywords: Inflation; Households (search for similar items in EconPapers)
JEL-codes: E2 (search for similar items in EconPapers)
Date: 2022
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