Online First The Economic Journal Online 23 Oct 2025Aggregate Implications of Heterogeneous Inflation Expectations: The Role of Individual ExperienceMathieu Pedemonte · Hiroshi Toma · Esteban VerdugoConsumers' inflation expectations are heterogeneous across birth cohorts and history-dependent: using panel data from the Survey of Consumer Expectations (SCE), the paper documents that each cohort's …