Using a new consumer survey dataset, we show that macroeconomic preferences affect expectations and economic decisions … through different channels. While household expectations are on average inversely related to preferences, households with the … and affects durable spending and saving decisions. We also show that the variation in inflation preferences can be …

Using a new consumer survey dataset, we study the role of macroeconomic preferences for expectations and economic … decisions. While household expectations are inversely related to preferences, households with the same in ation expectations can … spending via the intertemporal elasticity of substitution. We also show that the variation in preferences can be explained with …

following the exchange rate shock in 2018 provides an interesting period to analyze whether the sensitivity of inflation to its …