Knotek, Edward S.; Mitchell, James; Pedemonte, Mathieu; … - 2024
inflation expectations in real time. In a large-scale, multi-wave randomized controlled trial (RCT), we find weak evidence that … communicating these policy changes lowers consumers medium-term inflation expectations on average. However, information differs … inflationary environment, these consumers expect that raising interest rates will lower inflation. More generally, our results …
