Inflation Expectations, Learning, and Supermarket Prices: Evidence from Survey Experiments

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 signif...

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Bibliographic Details
Published in:American economic journal. Macroeconomics 2017-07, Vol.9 (3), p.1-35
Main Authors: Cavallo, Alberto, Cruces, Guillermo, Perez-Truglia, Ricardo
Format: Article
Language:English
Subjects:
Economic models
Economic policy
Economic statistics
Inflation rates
Information sources
Macroecology
Price level changes
Supermarkets
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