Arbeitspapier
Economic literacy and inflation expectations: Evidence from a laboratory experiment
We present new experimental evidence on heterogeneity in the formation of inflation expectations and relate the variation to economic literacy and demographics. The experimental design allows us to investigate two channels through which expectations-formation may vary across individuals: (1) the choice of information and (2) the use of given information. Subjects who are more economically literate perform better along both dimensions - they choose more-relevant information and make better use of given information. Compared with survey data on inflation expectations, fewer demographic factors are associated with variation in inflation expectations, and economic literacy in most cases accounts for demographic variation in expectations.
- Sprache
-
Englisch
- Erschienen in
-
Series: Public Policy Discussion Papers ; No. 11-8
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
Monetary Policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Burke, Mary A.
Manz, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of Boston
- (wo)
-
Boston, MA
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Burke, Mary A.
- Manz, Michael
- Federal Reserve Bank of Boston
Entstanden
- 2011
Ähnliche Objekte (12)
Inflation Literacy, Inflation Expectations, and Trust in the Central Bank: A Survey Experiment
Inflation literacy, inflation expectations, and trust in the central bank: A survey experiment
Inflation Literacy, Inflation Expectations, and Trust in the Central Bank: A Survey Experiment
Updating inflation expectations
Updating inflation expectations
Anchored inflation expectations
Pension Policy Literacy and Retirement Expectations: A Cross-Country Survey Experiment
Effects of Inflation Expectations on Inflation
Do Inflation Expectations Granger Cause Inflation?
Household inflation expectations and inflation dynamics
Fitting observed inflation expectations
Determinants of Inflation Expectations
Inflation Literacy, Inflation Expectations, and Trust in the Central Bank: A Survey Experiment
Inflation literacy, inflation expectations, and trust in the central bank: A survey experiment
Inflation Literacy, Inflation Expectations, and Trust in the Central Bank: A Survey Experiment
Updating inflation expectations
Updating inflation expectations
Anchored inflation expectations
Pension Policy Literacy and Retirement Expectations: A Cross-Country Survey Experiment
Effects of Inflation Expectations on Inflation
Do Inflation Expectations Granger Cause Inflation?
Household inflation expectations and inflation dynamics
Fitting observed inflation expectations
Determinants of Inflation Expectations
Inflation Literacy, Inflation Expectations, and Trust in the Central Bank: A Survey Experiment
Inflation literacy, inflation expectations, and trust in the central bank: A survey experiment
Inflation Literacy, Inflation Expectations, and Trust in the Central Bank: A Survey Experiment
Updating inflation expectations
Updating inflation expectations
Anchored inflation expectations
Pension Policy Literacy and Retirement Expectations: A Cross-Country Survey Experiment
Effects of Inflation Expectations on Inflation
Do Inflation Expectations Granger Cause Inflation?
Household inflation expectations and inflation dynamics
Fitting observed inflation expectations