Journal Article

Improving survey measures of household inflation expectations

Abstract: Expectations about future inflation are generally thought to play an important role in households' decisions about spending and saving. They are also of great interest to central bankers, who take them into account when determining policy or assessing the effectiveness of communications with the public. To help improve existing survey measures of inflation expectations, the Federal Reserve Bank of New York recently joined with other institutions and academic consultants to develop a set of survey questions that will yield more reliable information on households' inflation expectations, inflation uncertainty, and expectations about future wage changes.

Keywords: Federal Reserve Bank of New York; Economic forecasting; Inflation (Finance); Households - Economic aspects; Economic surveys;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Current Issues in Economics and Finance

Publication Date: 2010

Volume: 16

Issue: Aug/Sep

Order Number: 7