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Demographic differences in inflation expectations: what do they really mean?

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  • Meyer, Brent
  • Venkatu, Guhan

Abstract

It has often been reported that different demographic groups show persistent differences in their inflation expectations. Some reasonable explanations have been suggested, but most have failed to fully explain these apparent differences. We argue that the demographic differences have been overstated by using the mean to describe differences across demographic groups. When we use the median to describe inflation expectations, we find little meaningful difference across demographic groups.

Suggested Citation

  • Meyer, Brent & Venkatu, Guhan, 2011. "Demographic differences in inflation expectations: what do they really mean?," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
  • Handle: RePEc:fip:fedcec:y:2011:i:may17:n:2011-7
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. An Inflation Expectations Experiment
      by noreply@blogger.com (Carola) in Quantitative Ease on 2017-09-28 18:22:00

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    Cited by:

    1. repec:eee:ecolet:v:161:y:2017:i:c:p:112-115 is not listed on IDEAS
    2. Johannsen, Benjamin K., 2014. "Inflation Experience and Inflation Expectations: Dispersion and Disagreement Within Demographic Groups," Finance and Economics Discussion Series 2014-89, Board of Governors of the Federal Reserve System (U.S.).
    3. Li, Shaoyu & Wei, Lijia & Xu, Zhiwei, 2017. "Dynamic asset allocation and consumption under inflation inequality: The impacts of inflation experiences and expectations," Economic Modelling, Elsevier, vol. 61(C), pages 113-125.

    More about this item

    Keywords

    Inflation (Finance); Demography;

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