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-based questions. We show that inflation density forecasts are sensitive to the survey question designs used to elicit them. The within …-based inflation density forecasts …
Persistent link: https://www.econbiz.de/10014544685
As the pandemic spread across the U.S., disagreement among U.S. households about inflation expectations surged along … with the mean perceived and expected level of inflation. Simultaneously, the inflation experienced by households became … between the inflation experienced by households in their daily shopping and their perceived and expected levels of inflation …
Persistent link: https://www.econbiz.de/10012814415
We study how individuals' memories of inflation shape their expectations about future inflation using both surveys and … the current inflation episode to last. Information treatments in which we show people prior disinflationary experiences … similarly strongly reduce inflation expectations of individuals on average and are often recalled as inflation memories months …
Persistent link: https://www.econbiz.de/10014447317
non-managers' expectations and perceptions of inflation and unemployment. By and large, managers and non-managers exhibit … similar average inflation and unemployment expectations as well as similar levels of disagreement and sensitivity to … information provided in a randomized control trial. Finally, the inflation expectations of managers deviate systematically from …
Persistent link: https://www.econbiz.de/10013191080
primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive … observing how they revise their expectations about future inflation as well as taxes and government spending. We find that … information about the current debt or deficit levels has little impact on inflation expectations but that news about future debt …
Persistent link: https://www.econbiz.de/10012482700
Introducing a new survey of U.S. firms' inflation expectations, we document key stylized facts involving what U ….S. firms know and expect about inflation and monetary policy. The resulting time series of firms' inflation expectations … "anchored" expectations, the inflation expectations of U.S. managers appear far from anchored, much like those of households …
Persistent link: https://www.econbiz.de/10012533385
Using a survey with information treatments conducted in the aftermath of SVB's collapse, we study households' perspectives on bank stability, the potential for panic-driven bank runs, and the role of public communication. When informed about SVB's collapse, households become more likely to...
Persistent link: https://www.econbiz.de/10014337876
other households. They also view it as a better hedge against inflation. For those holding cryptocurrencies, changes in …
Persistent link: https://www.econbiz.de/10014287385