Binetti, Alberto; Nuzzi, Francesco; Stantcheva, Stefanie - National Bureau of Economic Research - 2024
This paper studies people's understanding of inflation--their perceived causes, consequences, trade-offs--and the … views align with established economic theories. Our key findings show that the major perceived causes of inflation include … government actions, such as increased foreign aid and war-related expenditures, alongside rises in production costs attributed to …