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Prior research has documented that attention to inflation shifts when inflation surpasses a 3-4% threshold. In this … note we examine how attention to inflation declines in episodes of disinflation. We show that for countries where inflation … inflation. We show evidence that wage growth is more strongly correlated with past inflation when attention is high. This is one …
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policies targeting to curb general inflation via boosting agricultural output will be less effective as those of 20 years ago … against general inflation and should resort to non‐agricultural policies. Originality/value – The paper argues that the …
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Investigates whether consumers are subject to the money illusion during a period of accelerated inflation. Looks at how …
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manufacturer in the USA. Reveals that, in an inflationary period, pricing has to anticipate the expected rate of inflation if the …
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