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

Using a unique, randomized information experiment embedded in a survey, this paper investigates how consumers’ inflation expectations respond to new information. We find that respondents, on average, update their expectations in response to (certain types of) information, and do so sensibly, in a ma...

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Main Authors: Armantier, Olivier, Topa, Giorgio, van der Klaauw, Wilbert, Zafar, Basit, Nelson, Scott Thomas
מחברים אחרים: Massachusetts Institute of Technology. Department of Economics
פורמט: Article
שפה:en_US
יצא לאור: MIT Press 2017
גישה מקוונת:http://hdl.handle.net/1721.1/107963
https://orcid.org/0000-0003-1751-9223