美联储：通胀感知在消费者通胀预期中的作用：来自欧元区的证据（英文版）

Using data on euro-area household inflation forecasts from the European Commission Consumer Survey, we show that households’ perceptions of recent price changes play a key role in the formation of their inflation expectations. Such a relationship remains robust when we account for specific inflation components, household characteristics, and macroeconomic conditions, even though the perceptions–expectations relationship is heterogeneous across countries. These results highlight the importance