Arbeitspapier
Households’ Inflation Perceptions and Expectations: Survey Evidence from New Zealand
In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique representative survey data collected in 2016 and using descriptive statistics and multivariate regressions, we explore various aspects of how laypersons perceive inflation and form inflation expectations. We focus on how an individual’s economic situation, information search and interest in inflation, economic knowledge, and attitudes and values are related to inflation perception and expectation, as well as the individual’s reaction to them. We interpret our findings as a clear indication that laypersons’ knowledge about inflation is much better described by the imperfect information view prevailing in social psychology than by the rational actor view typically assumed in economics.
- Language
-
Englisch
- Bibliographic citation
-
Series: ifo Working Paper ; No. 255
- Classification
-
Wirtschaft
Monetary Policy
Central Banks and Their Policies
Cultural Economics; Economic Sociology; Economic Anthropology: General
- Subject
-
Inflation perception
inflation expectation
New Zealand
monetary policy
household survey.
- Event
-
Geistige Schöpfung
- (who)
-
Hayo, Bernd
Neumeier, Florian
- Event
-
Veröffentlichung
- (who)
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ifo Institute - Leibniz Institute for Economic Research at the University of Munich
- (where)
-
Munich
- (when)
-
2018
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hayo, Bernd
- Neumeier, Florian
- ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Time of origin
- 2018
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