کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5066803 1476801 2014 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Frequency bias in consumers׳ perceptions of inflation: An experimental study
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Frequency bias in consumers׳ perceptions of inflation: An experimental study
چکیده انگلیسی
We investigate whether the perception of economy-wide inflation is affected by the frequency with which various goods׳ prices are observed. We provide novel experimental evidence that consumers׳ perceptions of aggregate inflation are systematically biased toward the perceived inflation rates of the frequently purchased items. This 'frequency bias' may affect consumers' consumption and investment decisions, and thus have important macroeconomic consequences. It may also explain why consumers typically over-estimate inflation in surveys during periods where frequently purchased non-durable goods are inflating faster than durables.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Economic Review - Volume 67, April 2014, Pages 144-158
نویسندگان
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