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environment affects how agents learn from new information. We show that as inflation rose in advanced economies, both households … and firms became more attentive and informed about publicly available news about inflation, leading them to respond less … to exogenously provided information about inflation and monetary policy. We also study the effects of RCTs in countries …
Persistent link: https://www.econbiz.de/10014490479
Persistent link: https://www.econbiz.de/10012388384
We study how different forms of communication influence the inflation expectations of individuals in a randomized … controlled trial. We first solicit individuals' inflation expectations in the Nielsen Homescan panel and then provide eight … different forms of information regarding inflation. Reading the actual Federal Open Market Committee (FOMC) statement has about …
Persistent link: https://www.econbiz.de/10011958866
affects how agents learn from new information. We show that as inflation has recently risen in advanced economies, both … households and firms have become more attentive and informed about inflation, leading them to respond less to exogenously … provided information about inflation and monetary policy. We also study the effects of RCTs in countries where inflation has …
Persistent link: https://www.econbiz.de/10014311952
Persistent link: https://www.econbiz.de/10012305713
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 …
Persistent link: https://www.econbiz.de/10013271201
Persistent link: https://www.econbiz.de/10013269793
We study how different forms of communication influence the inflation expectations of individuals in a randomized … controlled trial. We first solicit individuals' inflation expectations in the Nielsen Homescan panel and then provide eight … different forms of information regarding inflation. Reading the actual Federal Open Market Committee (FOMC) statement has about …
Persistent link: https://www.econbiz.de/10012893991
We study how different forms of communication influence inflation expectations in a randomized controlled trial using … nearly 20,000 U.S. individuals. We elicit individuals' inflation expectations in the Nielsen Homescan panel then provide … eight different forms of information regarding inflation. Reading the actual Federal Open Market Committee (FOMC) statement …
Persistent link: https://www.econbiz.de/10012894925
We study how different forms of communication influence inflation expectations in a randomized controlled trial using … nearly 20,000 U.S. individuals. We elicit individuals' inflation expectations in the Nielsen Homescan panel and then provide … eight different forms of information regarding inflation. Reading the actual Federal Open Market Committee (FOMC) statement …
Persistent link: https://www.econbiz.de/10012850405