Burke, Mary A.; Ozdagli, Ali - 2013 - This version: December 18, 2013
in prior theoretical work, an increase in inflation expectations would boost current consumer spending. Using survey … panel data for the period from April 2009 to November 2012, we examine the relationship between a household's inflation … uncertainty surrounding its inflation expectations, macroeconomic conditions, and unobserved heterogeneity at the household level …