| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26106 |
| 来源ID | Working Paper 26106 |
| How Does Consumption Respond to News about Inflation? Field Evidence from a Randomized Control Trial | |
| Olivier Coibion; Dimitris Georgarakos; Yuriy Gorodnichenko; Maarten van Rooij | |
| 发表日期 | 2019-07-29 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We implement a survey of Dutch households in which random subsets of respondents receive information about inflation. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect subsequent monthly consumption decisions relative to those in a control group. The causal effects of elevated inflation expectations on non-durable spending are imprecisely estimated but there is a sharp negative effect on durable spending. We provide evidence that this is likely driven by the fact that Dutch households seem to become more pessimistic about their real income as well as aggregate spending when they increase their inflation expectations. There is little evidence to support the idea that the degree to which respondents change their beliefs or their spending in response to information treatments depends on their level of cognitive or financial constraints. |
| 主题 | Econometrics ; Data Collection ; Microeconomics ; Economics of Information ; Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w26106 |
| 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/583779 |
| 推荐引用方式 GB/T 7714 | Olivier Coibion,Dimitris Georgarakos,Yuriy Gorodnichenko,et al. How Does Consumption Respond to News about Inflation? Field Evidence from a Randomized Control Trial. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26106.pdf（548KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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