How Inflation Expectations De-Anchor: The Role of Selective Memory Cues
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In a model of memory and selective recall, household inflation expectations remain rigid when inflation is anchored but exhibit sharp instability during inflation surges, as similarity prompts retrieval of forgotten high-inflation experiences. Using data from the New York Feds Survey of Consumer
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美国国家经济研究局创建时间：
2024-07-01
