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Exposure to Daily Price Changes and Inflation Expectations

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NBER2019-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26237
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资源简介:
We show that, to form aggregate inflation expectations, consumers rely on the price changes they face in their daily lives while grocery shopping. Specifically, the frequency and size of price changes, rather than their expenditure share, matter for individuals' inflation expectations. To document
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2019-09-01
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