Partisan expectations and COVID era inflation: A comment

Felix Aidala, Olivier Armantier, Giorgio Topa and Wilbert van der Klaauw

Journal of Monetary Economics, 2024, vol. 148, issue S

Abstract: In this note we provide comments on the paper “Partisan Expectations and COVID Era Inflation” (2024) by Binder, Kamdar, and Ryngaert (BKR). We complement BKR’s analysis by bringing to bear new evidence from the New York Fed’s Survey of Consumer Expectations. Our analysis confirms BKR’s results of a relationship between political affiliation and inflation expectations. However, we find no clear evidence that Republicans’ inflation expectations became unanchored during the Covid-19 era. We also offer some commentary on BKR’s MSA-level empirical Phillips curve analysis and conclude with some observations on how BKR’s paper contributes to the literature on consumers’ inflation expectations.

Keywords: Inflation; Expectations; Anchoring; Consumer surveys; Elections (search for similar items in EconPapers)
JEL-codes: D12 D84 E31 E52 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304393224001120
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:148:y:2024:i:s:s0304393224001120

DOI: 10.1016/j.jmoneco.2024.103659

Access Statistics for this article

Journal of Monetary Economics is currently edited by R. G. King and C. I. Plosser

More articles in Journal of Monetary Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().