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 …

study the causal effect of unconventional fiscal policies on consumption expenditure via the inflation-expectations channel … (VAT) effective in 2007. This shock increased German households' inflation expectations during 2006, as well as actual … inflation in 2007. Matched households in other European countries serve as counterfactuals in a difference …

) - do not change their consumption propensities with their inflation expectations. Low-IQ men are also less than half as …

) – do not change their consumption propensities with their inflation expectations. Low-IQ men are also less than half as …