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) display 50% lower forecast errors for inflation than other men. The inflation expectations and perceptions of high-IQ men, but … values. In terms of choice, only high-IQ men increase their propensity to consume when expecting higher inflation as the …
Persistent link: https://www.econbiz.de/10011959470
) - do not change their consumption propensities with their inflation expectations. Low-IQ men are also less than half as …
Persistent link: https://www.econbiz.de/10011959471
Communication targeting households and firms has become a stand-alone policy tool of many central banks. But which forms of communication, if any, can reach ordinary people and manage their economic expectations effectively? In a large-scale randomized control trial, we show that communication...
Persistent link: https://www.econbiz.de/10012614211
Many consumers below the top of the distribution of a representative population by cognitive abilities barely react to monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and despite substantial debt capacity. Differences in...
Persistent link: https://www.econbiz.de/10012815305
) display 50% lower forecast errors for inflation than other men. The inflation expectations and perceptions of high-IQ men, but … values. In terms of choice, only high-IQ men increase their propensity to consume when expecting higher inflation as the …
Persistent link: https://www.econbiz.de/10012148367
guarantee the credibility of their policies. …
Persistent link: https://www.econbiz.de/10012496056
) – do not change their consumption propensities with their inflation expectations. Low-IQ men are also less than half as …
Persistent link: https://www.econbiz.de/10012893775
Forecast errors for inflation decline monotonically with both verbal and quantitative IQ in a large and representative …' knowledge of the concept of inflation is low; they associate inflation with concrete goods and services instead of abstract … feed into choice|only high-IQ men plan to spend more when expecting higher inflation as the consumer Euler equation …
Persistent link: https://www.econbiz.de/10012893809
Forecast errors for inflation decline monotonically with both verbal and quantitative IQ in a large and representative … male population. Within individuals, inflation expectations and perceptions are autocorrelated only for men above the median …' knowledge of the concept of inflation is low; they associate inflation with concrete goods and services instead of abstract …
Persistent link: https://www.econbiz.de/10012894212
Many consumers below the top of the distribution of a representative population by cognitive abilities barely react to monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and despite substantial debt capacity. Differences in...
Persistent link: https://www.econbiz.de/10012617622