The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Inflation Expectations, Learning, and Supermarket Prices: Evidence from Survey Experiments
Open accessAbstract
Information frictions play a central role in the formation of household inflation expectations, but there is no consensus about their origins. We address this question with novel evidence from survey experiments. We document two main findings. First, individuals in low inflation contexts have significantly weaker priors about the inflation rate. This finding suggests that rational inattention may be an important source of information frictions. Second, cognitive limitations also appear to be a source of information frictions: even when information about inflation statistics is available, individuals still place a significant weight on inaccurate sources of information, such as their memories of the price changes of the supermarket products they purchase. We discuss the implications of these findings for macroeconomic models and policymaking. (JEL D83, D84, E31, L11, L81, O11)
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Tversky, A., & Kahneman, D. (1974) · Science · doi:10.1126/science.185.4157.1124 · Cited by 28,810
Availability: A heuristic for judging frequency and probability
Tversky, A., & Kahneman, D. (1973) · Cognitive Psychology · doi:10.1016/0010-0285(73)90033-9 · Cited by 9,984
Evaluating amazon’s mechanical turk as a tool for experimental behavioral research
Crump, M. J. C., McDonnell, J. V., & Gureckis, T. M. (2013) · PLoS ONE · doi:10.1371/journal.pone.0057410 · Cited by 1,617
Online and official price indexes: Measuring Argentina’s inflation
Cavallo, A. (2013) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2012.10.002 · Cited by 204
Self-citation
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Monetary Policy Communications and Their Effects on Household Inflation Expectations
Coibion, O., Gorodnichenko, Y., & Weber, M. (2022) · Journal of Political Economy · doi:10.1086/718982 · Cited by 518
Inflation expectations as a policy tool?
Coibion, O., Gorodnichenko, Y., Kumar, S., & Pedemonte, M. (2020) · Journal of International Economics · doi:10.1016/j.jinteco.2020.103297 · Cited by 382
Exposure to Grocery Prices and Inflation Expectations
D’Acunto, F., Malmendier, U., Ospina, J., & Weber, M. (2021) · Journal of Political Economy · doi:10.1086/713192 · Cited by 363
Home Price Expectations and Behaviour: Evidence from a Randomized Information Experiment
Armona, L., Fuster, A., & Zafar, B. (2019) · The Review of Economic Studies · doi:10.1093/restud/rdy038 · Cited by 319
Narratives About the Macroeconomy
Andre, P., Haaland, I., Roth, C., & Wohlfart, J. (2023) · doi:10.2139/ssrn.4506321 · Cited by 100
Metadata
- Authors
- Cavallo, A., Cruces, G., & Perez-Truglia, R.
- Venue
- American Economic Journal: Macroeconomics
- Publisher
- American Economic Association
- Published
- 2017-07-01
- Volume
- 9
- Issue
- 3
- Pages
- 1-35
- ISSN
- 1945-7707 (ISSN-L)
- 1945-7715
- OpenAlex
- W3020990796
- Cited by
- 421
- References
- 4
- FWCI
- 83.44
- Type
- journal article
- Language
- en
- Open access
- bronze
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