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dc.date.accessioned 2019-12-10T18:04:16Z
dc.date.available 2019-12-10T18:04:16Z
dc.date.issued 2017
dc.identifier.uri http://sedici.unlp.edu.ar/handle/10915/87188
dc.description.abstract Information frictions play a central role in the formation of household inflation expectations, but there is no consensus about their origins. We address this question with novel evidence from survey experiments. We document two main findings. First, individuals in low inflation contexts have significantly weaker priors about the inflation rate. This finding suggests that rational inattention may be an important source of information frictions. Second, cognitive limitations also appear to be a source of information frictions: Even when information about inflation statistics is available, individuals still place a significant weight on inaccurate sources of information, such as their memories of the price changes of the supermarket products they purchase. We discuss the implications of these findings for macroeconomic models and policymaking. en
dc.format.extent 1-35 es
dc.language en es
dc.subject Inflation es
dc.subject Prices es
dc.title Inflation expectations, learning, and supermarket prices: Evidence from survey experiments en
dc.type Articulo es
sedici.identifier.other doi:10.1257/mac.20150147 es
sedici.identifier.other eid:2-s2.0-85021411951 es
sedici.identifier.issn 1945-7707 es
sedici.creator.person Cavallo, Alberto es
sedici.creator.person Cruces, Guillermo es
sedici.creator.person Perez Truglia, Ricardo es
sedici.subject.materias Ciencias Económicas es
sedici.description.fulltext true es
mods.originInfo.place Facultad de Ciencias Económicas es
mods.originInfo.place Centro de Estudios Distributivos, Laborales y Sociales es
sedici.subtype Articulo es
sedici.rights.license Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
sedici.rights.uri http://creativecommons.org/licenses/by-nc-sa/4.0/
sedici.description.peerReview peer-review es
sedici.relation.journalTitle American Economic Journal: Macroeconomics es
sedici.relation.journalVolumeAndIssue vol. 9, no. 3 es
sedici.rights.sherpa * Color: green * Pre-print del autor: si * Post-print del autor: si * Versión de editor/PDF:si * Condiciones: >>On non-commercial author's personal website or open access repositories >>Publisher copyright and source must be acknowledged >>Publisher's version/PDF may be used * Link a Sherpa: http://sherpa.ac.uk/romeo/issn/1945-7707/es/


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Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) Except where otherwise noted, this item's license is described as Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)