Improving Survey Measures of Household Inflation Expectations

7 Pages Posted: 24 Sep 2010

See all articles by Wändi Bruine de Bruin

Wändi Bruine de Bruin

Carnegie Mellon University

Simon Potter

Peter G. Peterson Institute for International Economics

Robert W. Rich

Federal Reserve Banks - Federal Reserve Bank of Cleveland

Giorgio Topa

Federal Reserve Banks - Federal Reserve Bank of New York

Wilbert van der Klaauw

Federal Reserve Bank of New York; IZA

Date Written: August/September 2010

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: inflation expectations, wage expectations

JEL Classification: C81, E31, E37, E64

Suggested Citation

Bruine de Bruin, Wändi and Potter, Simon and Rich, Robert W. and Topa, Giorgio and van der Klaauw, H. Wilbert, Improving Survey Measures of Household Inflation Expectations (August/September 2010). Current Issues in Economics and Finance, Vol. 16, No. 7, August/September 2010, Available at SSRN: https://ssrn.com/abstract=1681602 or http://dx.doi.org/10.2139/ssrn.1681602

Wändi Bruine de Bruin (Contact Author)

Carnegie Mellon University ( email )

Pittsburgh, PA 15213-3890
United States

Simon Potter

Peter G. Peterson Institute for International Economics ( email )

1750 Massachusetts Avenue, NW
Washington, DC 20036
United States

Robert W. Rich

Federal Reserve Banks - Federal Reserve Bank of Cleveland ( email )

East 6th & Superior
Cleveland, OH 44101-1387
United States
216 579-2928 (Phone)

Giorgio Topa

Federal Reserve Banks - Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

H. Wilbert Van der Klaauw

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
212-720-5916 (Phone)
212-720-1844 (Fax)

IZA ( email )

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