Inflation Expectations and the Supply Chain /

We show that firms rely on price changes observed along their supply chain to form expectations about aggregate inflation, and that these expectations have a complete pass-through to sales prices. Leveraging a unique dataset on Chilean firms merging expectation surveys and records from the VAT and c...

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Bibliographic Details
Main Author: Albagli, Elias
Other Authors: Grigoli, Francesco, Luttini, Emiliano
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2022.
Series:IMF Working Papers; Working Paper ; No. 2022/161
Subjects:
Online Access:Full text available on IMF