---
title: State-dependent pricing, de-anchored expectations, and the cost of looking through inflation shocks
url: https://www.ml-quant.com/papers/repec/zbw-bofrdp-344113/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-30
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:zbw:bofrdp:344113
source_url: https://econpapers.repec.org/RePEc:zbw:bofrdp:344113
featured: 2026-10-30
citations: unknown
topic: Econometrics & Forecasting
---


# State-dependent pricing, de-anchored expectations, and the cost of looking through inflation shocks

The research finds that price-adjustment behavior and de-anchored household expectations interact super-additively to raise inflation costs, compounding risks when both channels activate.

- Source: https://econpapers.repec.org/RePEc:zbw:bofrdp:344113
- Identifier: RePEc:zbw:bofrdp:344113
- Released: 2026-10-26
- First featured: Quant Letter No. 137 (2026-10-30): https://www.ml-quant.com/issues/2026-10-30/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Econometrics & Forecasting
- Authors: Kilponen, Juha, Kortelainen, Mika

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