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Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
We study how individuals' memories of inflation shape their expectations about future inflation using both surveys and … laboratory experiments. Recalling having lived through prior disinflations has pronounced effects on how long-lived people expect … their beliefs much like the inflation experienced in real life. Methodologically, we compare and contrast surveys and lab …
Persistent link: https://www.econbiz.de/10014469777
three experiments (N = 1,993): in a preliminary experiment, we vary the payoffs over a large range. In our first main … our experiments and the complementary analyses is that cooperation in a PD increases with the gains of mutual cooperation …
Persistent link: https://www.econbiz.de/10014533918
In the 1980s, many U.S. cities initiated programs reserving a proportion of government contracts for minority-owned businesses. The staggered introduction of these set-aside programs is used to estimate their impacts on the self-employment and employment rates of African-American men. Black...
Persistent link: https://www.econbiz.de/10010293167
In the 1980s, many U.S. cities initiated programs reserving a proportion of government contracts for minority-owned businesses. The staggered introduction of these set-aside programs is used to estimate their impacts on the self-employment and employment rates of African-American men. Black...
Persistent link: https://www.econbiz.de/10010633265
We use a unique design feature of a survey of Italian firms to study the causal effect of inflation expectations on firms' economic decisions. In the survey, a randomly chosen subset of firms is repeatedly treated with information about recent inflation (or the European Central Bank's inflation...
Persistent link: https://www.econbiz.de/10011984597
Few representative surveys of households of migrants exist, limiting our ability to study the effects of international … survey methods in collecting data from Japanese-Brazilian families, many of whom send migrants to Japan. The three surveys … likely to congregate. We analyze how closely well-designed snowball and intercept point surveys can approach the much more …
Persistent link: https://www.econbiz.de/10010275883
How strong are peer effects on the beliefs and spending decisions of individuals? We use a randomized control study in which treated households are told about either average income or debt of individuals like them to assess how peer effects influence their beliefs and spending. The information...
Persistent link: https://www.econbiz.de/10014533850
This paper provides new survey evidence on firms' inflation expectations in the euro area. Building on the ECB's Survey on the Access to Finance of Enterprises (SAFE), we introduce consistent measurement of inflation expectations across countries and shed new light on the properties and causal...
Persistent link: https://www.econbiz.de/10014567474
Consumption surveys often record zero purchases of a good because of a short observation window. Only mean consumption …
Persistent link: https://www.econbiz.de/10011479225