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  1. What do the data tell us about inflation expectations?
    Erschienen: February 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Inflation expectations are central to economics because they affect the effectiveness of fiscal and monetary policy as well as realized inflation. We survey the recent literature with a focus on the inflation expectations of households. We first... mehr

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    Inflation expectations are central to economics because they affect the effectiveness of fiscal and monetary policy as well as realized inflation. We survey the recent literature with a focus on the inflation expectations of households. We first review standard data sources and discuss their advantages and disadvantages. We then document that household inflation expectations are biased upwards, dispersed across individuals, and volatile in the time series. We also provide evidence of systematic differences by gender, income, education, and race. Turning to the underlying expectations formation process, we highlight the role of individuals’ exposure to price signals in their daily lives, such as price changes in groceries, the role of lifetime experiences, and the role of cognition. We then discuss the literature that links inflation expectations to economic decisions at the individual level, including consumption-savings and financial decisions. We conclude with an outlook for future research.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/252119
    Schriftenreihe: CESifo working paper ; no. 9602 (2022)
    Schlagworte: beliefs formation; heterogeneous agents; macroeconomics with micro data; inflation exposure; experience effects; financial sophistication
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  2. Natural disasters and preferences for the environment: evidence from the impressionable years
    Erschienen: February 2022
    Verlag:  nUnimore, Università degli studi di Modena e Reggio Emilia, Dipartimento di economia Marco Biagi, [Modena]

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: DEMB working paper series ; n. 207
    Schlagworte: beliefs formation; natural disasters; environmental policy; impressionable years
    Umfang: 1 Online-Ressource (circa 26 Seiten), Illustrationen
  3. Natural disasters and preferences for the environment: evidence from the impressionable years
    Erschienen: 2022
    Verlag:  [FEA/USP], [São Paulo]

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper series / Department of Economics-FEA/USP ; no 2022, 07
    Schlagworte: beliefs formation; natural disasters; environmental policy; impressionable
    Umfang: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  4. Labor market news and expectations about jobs & earnings
    Erschienen: October 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Little is known about how workers update expectations about job search and earnings when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn’s unexpected announcement to build a manufacturing plant in... mehr

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    Little is known about how workers update expectations about job search and earnings when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn’s unexpected announcement to build a manufacturing plant in Racine County. Exposure to positive news leads to an increase in expected salary growth at the current firm. Individuals also revise their expectations about outside offers upward, anchoring their beliefs to Foxconn's announced wages. They act on their updated beliefs with a small increase in current consumption. Negative news from a scaled-down plan leads to a revision of expectations back toward baseline.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/282651
    Schriftenreihe: Discussion paper series / IZA ; no. 16524
    Schlagworte: beliefs formation; wage expectations; outside options; consumption
    Umfang: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  5. Labor market news and expectations about jobs & earnings
    Erschienen: [2023]
    Verlag:  Department of Economics, Johannes Kepler University of Linz, Linz-Auhof, Austria

    Little is known about how workers update expectations about job search and earnings when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn's unexpected announcement to build a manufacturing plant in... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 398
    keine Fernleihe

     

    Little is known about how workers update expectations about job search and earnings when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn's unexpected announcement to build a manufacturing plant in Racine County. Exposure to positive news leads to an increase in expected salary growth at the current firm. Individuals also revise their expectations about outside offers upward, anchoring their beliefs to Foxconn's announced wages. They act on their updated beliefs with a small increase in current consumption. Negative news from a scaled-down plan leads to a revision of expectations back toward baseline.

     

    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/289849
    Schriftenreihe: Working paper / Department of Economics, Johannes Kepler University of Linz ; no. 2314 (October 2023)
    Schlagworte: beliefs formation; wage expectations; outside options; consumption
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen