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  1. Households' response to the wealth effects of inflation
    Autor*in: Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas
    Erschienen: [2023]
    Verlag:  Leibniz Institute for Financial Research SAFE, Sustainable Architecture for Finance in Europe, [Frankfurt am Main]

    We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are... mehr

    Zugang:
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 431
    Fernleihe:
    keine Fernleihe

     

    We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal assets, most are unaware of nominal-debt erosion. Once they receive information on the debt-erosion channel, households update upwards their beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once households are aware of the wealth effects of inflation.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/276257
    Schriftenreihe: SAFE working paper ; no. 400 (September 2023)
    Schlagworte: Inflation; Privater Haushalt; Privater Konsum; Konsumentenverhalten; Finanzwissen; Vermögenseffekt; Konsumtheorie; Inflation Beliefs; Information Treatment; Consumption; Monetary Policy
    Umfang: 1 Online-Ressource (circa 80 Seiten), Illustrationen
  2. Households' response to the wealth effects of inflation
    Autor*in: Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas
    Erschienen: 09 September 2023
    Verlag:  Centre for Economic Policy Research, London

    Zugang:
    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    LZ 161
    Fernleihe:
    keine Fernleihe

    Standort:
    Universitätsbibliothek Mannheim
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; DP18440
    Schlagworte: Inflation; Privater Haushalt; Privater Konsum; Konsumentenverhalten; Finanzwissen; Vermögenseffekt; Konsumtheorie; Inflation Beliefs; Information Treatment; Consumption; Monetary Policy
    Umfang: 1 Online-Ressource (circa 81 Seiten), Illustrationen
  3. Households' response to the wealth effects of inflation
    Autor*in: Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas
    Erschienen: [2024]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    We study the redistributive effects of surprise inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 534
    Fernleihe:
    keine Fernleihe

     

    We study the redistributive effects of surprise inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal assets, most are unaware of nominal-debt erosion. Once they receive information on the debt-erosion channel, households view nominal debt more positively and increase estimates of their own real net wealth. These changes causally affect actual consumption and hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once households are aware of the wealth effects of inflation.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289963848
    Weitere Identifier:
    Schriftenreihe: Array ; no 2904
    Schlagworte: Inflation Beliefs; Information Treatment; Consumption; Monetary Policy
    Umfang: 1 Online-Ressource (circa 88 Seiten), Illustrationen