Research digs into disagreement about inflation expectations
Paper examines how the disagreement within stakeholder groups has evolved
Consumers tend to "disagree" more about expected inflation than professional forecasters, according to a research discussion paper published by the Reserve Bank of Australia.
"Average and median measures of inflation expectations can disguise substantial disagreement in expectations," write Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin.
In Disagreement about Inflation Expectations, the authors use individual response data from five surveys to dig beneath the headline
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