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Federal Reserve Bank of New York
Current Issues in Economics and Finance
Improving survey measures of household inflation expectations
Wändi Bruine de Bruin
Simon M. Potter
Robert W. Rich
Giorgio Topa
Wilbert Van der Klaauw
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.


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Wändi Bruine de Bruin & Simon M. Potter & Robert W. Rich & Giorgio Topa & Wilbert Van der Klaauw, "Improving survey measures of household inflation expectations" , Federal Reserve Bank of New York, Current Issues in Economics and Finance, volume 16, issue Aug/Sep, 2010.
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Keywords: Inflation (Finance) ; Households - Economic aspects ; Economic surveys ; Federal Reserve Bank of New York ; Economic forecasting
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