We implement a survey of Dutch households in which random subsets of respondents receive information about inflation. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect subsequent monthly consumption decisions relative to those in a...

This paper discusses the recent wave of research that has emphasized the importance of measures of consumers' inflation expectations. In contrast to other measures of expected inflation, such as for experts or financial market participants, consumers' inflation expectations capture the broader...

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...