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• W3185339780 endingPage "169" @default.
• W3185339780 startingPage "157" @default.
• W3185339780 abstract "This chapter takes the pattern-based approach of modeling inflation expectations to higher levels of inflation. Remember that subjects in the generalized approach as developed in Chapter 10 were shown price-level paths with percentage changes in the range of ±2 percent. We then relied on the estimated scaling relationship to apply the elicited laboratory expectations to real-world inflation rates beyond this range. When turning to the modeling of expectations in times of high inflation, this approach is put to the test. Is it really warranted to rely on an estimated scaling relationship that was estimated with low rates of inflation when looking at annual inflation rates of 40 percent or more?" @default.
• W3185339780 created "2021-08-02" @default.
• W3185339780 creator A5054571694 @default.
• W3185339780 date "2020-07-31" @default.
• W3185339780 modified "2023-09-27" @default.
• W3185339780 title "Expectations of High Inflation" @default.
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