G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16930
DP16930 The Expected, Perceived, and Realized Inflation of U.S. Households before and during the COVID19 Pandemic
Michael Weber; Yuriy Gorodnichenko
发表日期2022-01-18
出版年2022
语种英语
摘要As the pandemic spread across the U.S., disagreement among U.S. households about inflation expectations surged along with the mean perceived and expected level of inflation. Simultaneously, the inflation experienced by households became more dispersed. Using matched micro data on spending of households and their macroeconomic expectations, we study the link between the inflation experienced by households in their daily shopping and their perceived and expected levels of inflation both before and during the pandemic. In normal times, realized inflation barely differs across observable dimensions but low income, low education, and Black households experienced a larger increase in realized inflation than other households did. Dispersion in realized and perceived inflation explains a large share of the rise in dispersion in inflation expectations.
主题Monetary Economics and Fluctuations
URLhttps://cepr.org/publications/dp16930
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/545867
推荐引用方式
GB/T 7714
Michael Weber,Yuriy Gorodnichenko. DP16930 The Expected, Perceived, and Realized Inflation of U.S. Households before and during the COVID19 Pandemic. 2022.
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