How do households respond to expected inflation? : an investigation of transmission mechanisms / by Janet Hua Jiang, Rupal Kamdar, Kelin Lu and Daniela Puzzello.: FB3-5/2024-44E-PDF
"We disentangle the channels through which inflation expectations affect household spending. We conduct a survey featuring hypothetical scenarios that generate a controlled increase in inflation expectations. For 74% of households, current spending is unresponsive, typically due to fixed budget plans or irrelevance of inflation expectations. About 20% of households reduce spending, often citing wealth effects, nominal income rigidity, and inflation hedging. Only 6% increase spending, mostly due to intertemporal substitution or stockpiling"--Abstract, page ii.
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| Title | How do households respond to expected inflation? : an investigation of transmission mechanisms / by Janet Hua Jiang, Rupal Kamdar, Kelin Lu and Daniela Puzzello. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Description | 1 online resource (ii, 76, 20 pages) : graphs. |
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