Forecasters predictions of inflation are notoriously inaccurate, so their expectations of inflation cannot be rational. Is this

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Forecasters’ predictions of inflation are notoriously inaccurate, so their expectations of inflation cannot be rational. Is this statement true, false, or uncertain? Explain your answer.

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:16 AM

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Forecasters predictions of inflation are notoriously inaccurate, so their expectations of inflation cannot be rational. Is this

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