Understanding survey-based inflation expectations
This paper examines the behavior of inflation expectations in the United States. After documenting deviations from rationality in survey-based inflation expectations, I apply a model selection algorithm, boosting, to the inflation expectations of households and professionals. The algorithm builds a...
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| Format: | Article |
| Language: | English |
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Elsevier B.V.
2018
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| Online Access: | View Fulltext in Publisher |