Download or read book The Subjective Inflation Expectations of Households and Firms written by Michael Weber and published by . This book was released on 2022 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 policy making.