Esteban Verdugo
Biographic Data
| ID | 5730704 |
|---|---|
| NAME | Esteban Verdugo |
| GIVEN NAMES | Esteban |
| FAMILY NAME | Verdugo |
| SIGNATURE | VERDUGO E |
| AFFILIATIONS | University of Michigan |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2025 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 0 |
Aggregate Implications of Heterogeneous Inflation Expectations
We explore the implications of heterogeneous, history-dependent inflation expectations in a general equilibrium setting. We propose an experience-based expectations-augmented Kalman filter to represent consumers’ heterogeneous inflation expectations, where heterogeneity arises from an anchoring-to-the-past mechanism. Using survey data, we show that the model replicates US consumers’ inflation expectations and their heterogeneity across cohorts. W…
No prominent works on this page.
Aggregate Implications of Heterogeneous Inflation Expectations
We explore the implications of heterogeneous, history-dependent inflation expectations in a general equilibrium setting. We propose an experience-based expectations-augmented Kalman filter to represent consumers’ heterogeneous inflation expectations, where heterogeneity arises from an anchoring-to-the-past mechanism. Using survey data, we show that the model replicates US consumers’ inflation expectations and their heterogeneity across cohorts. W…
Economic theories and models (1 work) · Financial Literacy, Pension, Retirement Analysis (1 work) · Monetary Policy and Economic Impact (1 work)