unaware of nominal-debt erosion. Once they receive information on the debt-erosion channel, households update upwards their … beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …

unaware of nominal-debt erosion. Once they receive information on the debt-erosion channel, households update upwards their … beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …

assets, most are unaware of nominal-debt erosion. Once they receive information on the debt-erosion channel, households view … nominal debt more positively and increase estimates of their own real net wealth. These changes causally affect actual … consumption and hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to …

impact; yet, while knowledge about inflation eroding nominal assets is widespread, most households are unaware of nominal-debt … erosion. When informed about the latter, households view nominal debt more positively and increase estimates of their real net … wealth. These changes causally affect actual consumption and hypothetical debt decisions. Our findings suggest real wealth …

and debt positions. Once they receive information on this erosion channel, they update perceptions and expectations about …

unaware of nominal-debt erosion. Once they receive information on the debt-erosion channel, households update upwards their … beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …

unaware of nominal-debt erosion. Once they receive information on the debt-erosion channel, households update upwards their … beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …