Nexus between Inflation, Inflation Perceptions and Expectations†

Nexus between Inflation, Inflation Perceptions and Expectations†

We uncover a nexus between actual inflation, inflation perceptions and expectations in Korea through analyzing micro as well as aggregate data from the Consumer Survey. We document two novel findings. First, households’ subjective perceptions of inflation exert more impact on expectation formation t...

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Bibliographic Details
Main Authors: NAM, MINHO, GO, MINJI
Format: Article
Language:English
Published: Korea Development Institute 2018-08-01
Series:KDI Journal of Economic Policy
Subjects:
Inflation Expectations
Inflation Perceptions
Expectation Formation
Information Rigidity
Monetary Policy
Online Access:https://doi.org/10.23895/kdijep.2018.40.3.45

Internet

https://doi.org/10.23895/kdijep.2018.40.3.45

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