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 many households know about inflation eroding nominal assets, most are …

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 many households know about inflation eroding nominal assets, most are …

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … households increased their inflation expectations and willingness to purchase durables before the increase in VAT. Future …

consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead … inflation expectations and spending today. We find households’ inflation expectations and readiness to spend react substantially …

We show that, to form aggregate inflation expectations, consumers rely on the price changes they face in their daily …, matter for individuals’ inflation expectations. To document these facts, we collect novel micro data for a representative US … be incorporated in models of expectations formation. Central banks' focus on core inflation - which excludes grocery …