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data from representative surveys and artefactual or lab-on-the-field experiments in Lima, Peru. We employ three standard …We provide empirical evidence supporting a causal link between education and risk attitudes when using representative … experimental measures of risk attitudes and find that each is positively correlated with years of education. Furthermore, we …
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Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
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