Arbeitspapier
Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions
An experiment using a representative survey of the German population shows that letting respondents report a number rather than asking them to choose from a list of predefined ranges lowers the response rate for both perceived past and expected inflation and decreases (increases) reported past (expected) inflation. Income, education, gender, objective and subjective knowledge about monetary policy, and political affiliation affect the effect's size but not its sign. East and West German respondents who were 15 or older when the Berlin Wall fell have reactions different from those who were younger at that time, which supports the 'impressionable years' hypothesis based on different inflation experiences.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 10564
- Klassifikation
-
Wirtschaft
Monetary Policy
Central Banks and Their Policies
Cultural Economics; Economic Sociology; Economic Anthropology: General
- Thema
-
inflation perception
inflation expectation
survey question design
Germany
household survey
impressionable years hypothesis
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hayo, Bernd
Méon, Pierre-Guillaume
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hayo, Bernd
- Méon, Pierre-Guillaume
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2023
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