EconPapers    
Economics at your fingertips  
 

Nudging Inflation Expectations: An Experiment

Olivier Armantier, Scott Nelson, Giorgio Topa (), Wilbert van der Klaauw () and Basit Zafar

No 20121105, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Managing consumers? inflation expectations is of critical importance to central banks in the conduct of monetary policy. But managing inflation expectations requires more than just monitoring expectations; it also requires an understanding of how these expectations are formed. In this post, we present results from a new study that investigates how individual consumers use selected information on food prices in forming their inflation expectations. While the provision of this information leads individuals to meaningfully revise expectations of their own-basket inflation rate, we find there is little impact on expectations of overall inflation.

JEL-codes: D1 H00 (search for similar items in EconPapers)
Date: 2012-11-05
New Economics Papers: this item is included in nep-mac and nep-mon
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://libertystreeteconomics.newyorkfed.org/2012 ... s-an-experiment.html (text/html)

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:fip:fednls:86835

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Liberty Street Economics from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2020-07-05
Handle: RePEc:fip:fednls:86835