The Price is Right: Updating Inflation Expectations in a Randomized Price Information Experiment

Abstract

Understanding the formation of consumer inflation expectations is considered crucial for monetary policy. Using a unique “information” experiment embedded in a survey, this paper investigates how consumers’ inflation expectations respond to new information. We elicit respondents’ expectations for future inflation before and after providing a random subset… (More)

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Citations per Year

Citation Velocity: 6

Averaging 6 citations per year over the last 3 years.

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