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Inflation and attention thresholds
Korenok, Oleg; Munro, David; Chen, Jiayi - 2022
One of the dangers of high inflation is that it can cause firms and households to pay close attention to it. This internalization of inflation can lead to an accelerationist regime, making inflation harder to control. We empirically assess the relationship between attention and the level of...
Persistent link: https://www.econbiz.de/10013382698
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Inflation and attention thresholds
Korenok, Oleg; Munro, David; Chen, Jiayi - 2022
One of the dangers of high inflation is that it can cause firms and households to pay close attention to it. This internalization of inflation can lead to an accelerationist regime, making inflation harder to control. We empirically assess the relationship between attention and the level of...
Persistent link: https://www.econbiz.de/10013392209
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The rockets and feathers of inflation attention
Korenok, Oleg; Munro, David - 2024
Prior research has documented that attention to inflation shifts when inflation surpasses a 3-4% threshold. In this … has returned to "normal" (pre-threshold) levels, attention remains 2-3 times higher than it was before the run-up of …
Persistent link: https://www.econbiz.de/10014637565
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The Rockets and Feathers of Inflation Attention
Korenok, Oleg; Munro, David - 2024
Prior research has documented that attention to inflation shifts when inflation surpasses a 3-4% threshold. In this … has returned to "normal" (pre-threshold) levels, attention remains 2-3 times higher than it was before the run-up of …
Persistent link: https://www.econbiz.de/10014581793