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“SISTEM INFORMASI PENGOLAHAN DATA KEUANGAN DANA PERGULIRAN PADA PNPM-MP MANDIRI PERDESAAN KECAMATAN BATIPUH KABUPATEN TANAH DATAR”

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Disagreement about Inflation Expectations

Analyzing 50 years of inflation expectations data from several sources, we document substantial disagreement among both consumers and professional economists about expected future inflation. Moreover, this disagreement shows substantial variation through time, moving with inflation, the absolute value of the change in inflation, and relative price variability. We argue that a satisfactory model of economic dynamics must speak to these important business cycle moments. Noting that most macroeconomic models do not endogenously generate disagreement, we show that a simple sticky-information' model broadly matches many of these facts. Moreover, the sticky-information model is consistent with other observed departures of inflation expectations from full rationality, including autocorrelated forecast errors and insufficient sensitivity to recent macroeconomic news

Abstract: Analyzing 50 years of inflation expectations data from several sources, we document substantial disagreement among both consumers and professional economists about expected future inflation.

Susunan pemerintahan

Dengan demikian ilmu pengetahuan jang diberikan merupakan barang jang
hidup, barang jang mendorong kepada para peladjar untuk berbuat selaras
dengan pe- ngertiannja. Inilah kesadaran jang akan membentuk manusia-
pentjipta.