| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20576 |
| 来源ID | Working Paper 20576 |
| Inflation Expectations, Learning and Supermarket Prices | |
| Alberto Cavallo; Guillermo Cruces; Ricardo Perez-Truglia | |
| 发表日期 | 2014-10-13 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | Information frictions play a central role in the formation of household inflation expectations, but there is no consensus about their origins. We address this question with novel evidence from survey experiments. We document two main findings. First, individuals in lower-inflation contexts have significantly weaker priors about the inflation rate. This finding suggests that rational inattention may be an important source of information frictions. Second, cognitive limitations also appear to be a source of information frictions: even when information about inflation statistics is made readily available, individuals still place a significant weight on less accurate sources of information, such as their memories of the price changes of the supermarket products they purchase. We discuss the implications of these findings for macroeconomic models and policy-making. |
| 主题 | Econometrics ; Experimental Design ; Microeconomics ; Economics of Information ; Macroeconomics ; Business Cycles ; Monetary Policy |
| URL | https://www.nber.org/papers/w20576 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578250 |
| 推荐引用方式 GB/T 7714 | Alberto Cavallo,Guillermo Cruces,Ricardo Perez-Truglia. Inflation Expectations, Learning and Supermarket Prices. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
