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The Expected, Perceived, and Realized Inflation of U.S. Households before and during the COVID19 Pandemic

Weber, Michael; Gorodnichenko, Yuriy; Coibion, Olivier - National Bureau of Economic Research - 2022

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 more dispersed. Using matched micro data on spending of...

Persistent link: https://www.econbiz.de/10012814415

Does Policy Communication During Covid Work?

Coibion, Olivier - 2020

Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...

Persistent link: https://www.econbiz.de/10012481579

The Effect of Macroeconomic Uncertainty on Household Spending

Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - National Bureau of Economic Research - 2021

luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …

Persistent link: https://www.econbiz.de/10012496179

Households' Response to the Wealth Effects of Inflation

Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - National Bureau of Economic Research - 2023

We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...

Persistent link: https://www.econbiz.de/10014372429

Subjective Income Expectations and Household Debt Cycles

D'Acunto, Francesco; Weber, Michael; Yin, Xiao - National Bureau of Economic Research - 2024

expectations. Extrapolative income expectations help explain state-dependent household debt cycles qualitatively and quantitatively …

Persistent link: https://www.econbiz.de/10014635678

Relaxing Migration Constraints for Rural Households

Kinnan, Cynthia - 2015

This paper exploits two unique features of China's history to study the effects of access to internal migration …: reforms to the household registration (hukou) system, and historical migration flows. We show that temporary migration due to … volatility for rural households. Furthermore, household production shifts into high-risk, high-return activities …

Persistent link: https://www.econbiz.de/10012457353