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Economic Review

Comparing Inflation Expectations of Households and Economists: Is a Little Knowledge a Dangerous Thing?

A comparison of the performance of forecasts by economists (the Livingston survey), households (the Michigan Survey of Consumer Finances), and a time series model (ARIMA).

Suggested Citation

Bryan, Michael F., and William T. Gavin. 1986. “Comparing Inflation Expectations of Households and Economists: Is a Little Knowledge a Dangerous Thing?” Federal Reserve Bank of Cleveland, Economic Review vol. 22, no. 3, pp. 14-19.