The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications
综述了家庭和企业主观通胀预期的测量方法、特征、决定因素及其对经济决策的影响，有助于理解经济周期冲击和政策干预的异质性反应，对学术研究和政策制定有重要参考价值。
Households’ and firms’ subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households’ and firms’ economic choices in the data and help us make sense of the observed heterogeneous reactions to business-cycle shocks and policy interventions. We conclude by highlighting the relevant open questions and why tackling them is important for academic research and policymaking.