Review
Open access
Jul 2026
Investment Performance and the Formation of Horizon-Specific Inflation Expectations: Evidence from Japanese Investors
Inflation expectations are central to monetary policy transmission, yet relatively little is known about whether individuals’ own investment experiences are associated with how they form such expectations across different forecast horizons. This study examines the association between self-reported past investment perfo...
Sumeet Lal, Sota Hirahara, Sakiho Aizawa et al.
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