摘要:We study the strategic relationship between a central bank and a biased economic agent (forecaster) responsible for
reporting the economy's inflation expectation to the former. Through a simple cheap-talk model, we show that the
possibility of informative communication between the above players increases as: (i) the forecaster's bias decreases;
(ii) the degree in which expectations affect current inflation increases; and (iii) the uncertainty about the true value of
the inflation expectation - measured by its variance - increases. Our analysis is a first step towards a deeper
comprehension of the strategic relationship between central banks and those responsible for reporting inflation
expectation.