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Report
Expectations of inflation: the biasing effect of thoughts about specific prices
Van der Klaauw, Wilbert; Topa, Giorgio; Bruine de Bruin, Wändi
(2011)
National surveys follow consumers' expectations of future inflation, because they may directly affect the economic choices they make, indirectly affect macroeconomic outcomes, and be considered in monetary policy. Yet relatively little is known about how individuals form the inflation expectations they report on consumer surveys. Medians of reported inflation expectations tend to track official estimates of realized inflation, but show large disagreement between respondents, due to some expecting seemingly extreme inflation. We present two studies to examine whether individuals who consider ...
Staff Reports
, Paper 489
Journal Article
1952 survey of consumer finances: part III. income, selected investments, and short-term debt of consumers
Schweiger, Irving; Frechtling, John
(1952-09)
Federal Reserve Bulletin
, Issue Sep
Journal Article
1949 survey of consumer finances: part IV consumer ownership and use of liquid assets
Schweiger, Irving; Fauver, Clarke L.
(1949-08)
Federal Reserve Bulletin
, Issue Aug
, Pages 896-911
Journal Article
1955 survey of consumer finances: purchases of durable goods in 1954
Smith, Tynan
(1955-05)
Federal Reserve Bulletin
, Issue May
, Pages 465-481
Journal Article
1949 survey of consumer finances: part I general financial position and economic outlook of consumers
Schweiger, Irving; Fauver, Clarke L.
(1949-06)
Federal Reserve Bulletin
, Issue Jun
Report
Measuring consumer uncertainty about future inflation
Manski, Charles F.; Topa, Giorgio; Bruine de Bruin, Wändi; Van der Klaauw, Wilbert
(2009)
Survey measures of consumer inflation expectations have an important shortcoming in that, while providing useful summary measures of the distribution of point forecasts across individuals, they contain no direct information about an individual's uncertainty about future inflation. The latter is important not only for forecasting inflation and other macroeconomic outcomes, but also for assessing a central bank's credibility and effectiveness of communication. This paper explores the feasibility of eliciting individual consumers' subjective probability distributions of future inflation ...
Staff Reports
, Paper 415
Journal Article
Preliminary findings of the 1959 survey of consumer finances
anonymous
(1959-03)
Federal Reserve Bulletin
, Issue Mar
, Pages 251-254
Journal Article
1949 survey of consumer finances: part III distribution of consumer income in 1948
Schweiger, Irving; Fauver, Clarke L.
(1949-07)
Federal Reserve Bulletin
, Issue Jul
, Pages 778-792
Journal Article
1950 survey of consumer finances: part V. the distribution of assets, liabilities and net worth of consumers, early 1950
Lorie, James; Frechtling, John
(1950-12)
Federal Reserve Bulletin
, Issue Dec
Journal Article
Preliminary findings of the 1958 survey of consumer finances
anonymous
(1958-03)
Federal Reserve Bulletin
, Issue Mar
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