Handbook of Economic Expectations 2023
DOI: 10.1016/b978-0-12-822927-9.00012-4
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What do the data tell us about inflation expectations?

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Cited by 54 publications
(18 citation statements)
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“…Recent studies have also shown that inflation expectations differ across age cohorts and that personal lifetime exposures to price signals contribute to these age differences (e.g. Malmendier and Nagel, 2016;D'Acunto et al, 2022b). In particular, personal lifetime experience has been shown to also influence inflation expectations of economic experts (e.g.…”
Section: Treatment Heterogeneitymentioning
confidence: 99%
See 1 more Smart Citation
“…Recent studies have also shown that inflation expectations differ across age cohorts and that personal lifetime exposures to price signals contribute to these age differences (e.g. Malmendier and Nagel, 2016;D'Acunto et al, 2022b). In particular, personal lifetime experience has been shown to also influence inflation expectations of economic experts (e.g.…”
Section: Treatment Heterogeneitymentioning
confidence: 99%
“…Inflation expectations play an important role because they may affect households' behaviour via the consumption Euler equation (D'Acunto et al, 2018;Dräger and Nghiem, 2021), influence households' saving and investment decisions (Armantier et al, 2015;Malmendier and Steiny Wellsjo, 2020) and determine economic choices of firms (Coibion et al, 2020a,b). A burgeoning literature studies the determinants of inflation expectations (D'Acunto et al, 2022b). Little is known, however, about whether drastic political events can initiate an immediate adjustment of inflation expectations.…”
mentioning
confidence: 99%
“…This paper contributes to several strands of literature. First, our findings are related to the large literature studying the expectation formation of market participants (D'Acunto, Malmendier, and Weber (2022), Coibion and Gorodnichenko (2015), Coibion, Gorodnichenko and Kumar (2018), Weber, D'Acunto, Gorodnichenko and Coibion (2021)). 2 We contribute to this literature by exploring a large exogenous shock to individuals' inflation expectations -the start of the war.…”
Section: Introductionmentioning
confidence: 54%
“…D'Acunto et al (2022) classify the main determinants of individual expectations regarding inflation into four main categories: i) prices they observe in daily life ii) lifetime experiences, iii) cognition, iv) news and information.…”
mentioning
confidence: 99%
“…Second, we contribute to the literature on households' inflation expectations and behavior in response to inflation communication. Households' inflation expectations are dispersed and upward biased relative to realized inflation and forecasts by professionals (D'Acunto et al, 2023; Weber et al, 2022). These expectations are important because they directly influence the households' consumption and savings decisions.…”
Section: Introductionmentioning
confidence: 99%