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• W2078623074 abstract "This paper shows that the Michigan survey data on inflation expectations is consistent with a simple sticky information model where a significant proportion of households base their inflation expectations on the past release of actual inflation rather than the rational forward-looking forecast. In particular, the model can explain both the mean and cross-sectional distribution of households’ inflation expectations." @default.
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• W2078623074 date "2009-06-01" @default.
• W2078623074 modified "2023-09-29" @default.
• W2078623074 title "A naïve sticky information model of households’ inflation expectations" @default.
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• W2078623074 doi "https://doi.org/10.1016/j.jedc.2009.01.004" @default.
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