Replication data for: Cognitive Abilities and Inflation Expectations
Principal Investigator(s): View help for Principal Investigator(s) Francesco D'Acunto; Daniel Hoang; Maritta Paloviita; Michael Weber
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| P2019_1050_data | 12/07/2019 03:40:PM | ||
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text/plain | 14.6 KB | 12/07/2019 10:40:AM |
Project Citation:
D’Acunto, Francesco, Hoang, Daniel, Paloviita, Maritta, and Weber, Michael. Replication data for: Cognitive Abilities and Inflation Expectations. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116473V1
Project Description
Summary:
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Cognitive abilities help explain the large cross-sectional variation in inflation expectations at the household level. But which type of cognitive abilities are important? We find that not only quantitative abilities but also logical and verbal abilities are important to explain the accuracy and plausibility of households' inflation expectations. We discuss the channels through which different forms of cognition might shape households' abilities to forecast future macroeconomic variables. We also draw implications for the effectiveness of policies that aim to manage households' expectations.
Scope of Project
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
D84 Expectations; Speculations
E31 Price Level; Inflation; Deflation
E37 Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
D12 Consumer Economics: Empirical Analysis
D84 Expectations; Speculations
E31 Price Level; Inflation; Deflation
E37 Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
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