Further, these programs may not realize a return on their investment for months, or even years. Given the importance of evaluating a program's success, leaders of various economic and financial education programs have been exploring ways to measure the effectiveness of their activities.
In fact, despite the global fall in crude oil prices, inflation expectations in the United States and Europe have barely declined (Chart 9 [right chart]). This is because the degree to which inflation expectations are affected by past inflation is smaller in these economies. What creates such differences?