Inflation expectations surveys often miss the mark
研究发现,最复杂的通胀预期调查也不如一个假设年通胀率恒为2%的简单计量模型准确,这提醒调查设计者需要反思。
Even the most sophisticated surveys of inflation expectations appear to underperform a naive econometric model that assumes a constant 2 percent annual rate. While this suggests inflation expectations are well-grounded, the result should give pause to survey designers.