Data and Code for: The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications

Principal Investigator(s):  View help for Principal Investigator(s) Michael Weber, University of Chicago. Booth School of Business; Francesco D'Acunto, Boston College ; Yuriy Gorodnichenko, University of California-Berkeley; Olivier Coibion, University of Texas-Austin

Version:  View help for Version V1

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  replication_files 05/05/2022 02:27:PM
README_WDCG.docx application/vnd.openxmlformats-officedocument.wordprocessingml.document 23.3 KB 07/22/2022 09:55:AM
README_WDCG.pdf application/pdf 243.8 KB 07/22/2022 08:17:AM

Project Citation: 

Weber, Michael, D’Acunto, Francesco, Gorodnichenko, Yuriy, and Coibion, Olivier. Data and Code for: The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-07-27. https://doi.org/10.3886/E169781V1

Project Description

Summary:  View help for Summary Households’ and firms’ subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households’ and firms’ economic choices in the data and help us make sense of the observed heterogeneous reactions to business-cycle shocks and policy interventions. We conclude by highlighting the relevant open questions and why tackling them is important for academic research and policy making. 

Scope of Project

Subject Terms:  View help for Subject Terms Inflation expectations across different economic actors
JEL Classification:  View help for JEL Classification
      D10 Household Behavior: General
      D20 Production and Organizations: General
      D80 Information, Knowledge, and Uncertainty: General
      D90 Micro-Based Behavioral Economics: General
      E20 Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
      E30 Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
      E40 Money and Interest Rates: General
      E50 Monetary Policy, Central Banking, and the Supply of Money and Credit: General
      E70 Macro-Based Behavioral Economics: General
      J10 Demographic Economics: General
Geographic Coverage:  View help for Geographic Coverage United States


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V1 [2022-07-27]

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