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来源类型Working Paper
规范类型报告
DOI10.3386/w29640
来源IDWorking Paper 29640
The Expected, Perceived, and Realized Inflation of U.S. Households before and during the COVID19 Pandemic
Michael Weber; Yuriy Gorodnichenko; Olivier Coibion
发表日期2022-01-17
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Macroeconomics ; Consumption and Investment ; Business Cycles ; COVID-19
URLhttps://www.nber.org/papers/w29640
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587314
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Michael Weber,Yuriy Gorodnichenko,Olivier Coibion. The Expected, Perceived, and Realized Inflation of U.S. Households before and during the COVID19 Pandemic. 2022.
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