Beliefs About the Economy are Excessively Sensitive to Household-Level Shocks: Evidence from Linked Survey and Administrative Data
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We study how peoples beliefs about the economy covary with household-level events, utilizing a unique link between Danish administrative data and a large-scale survey of consumer expectations. We find that compared to actual inflation, peoples inflation forecasts covary much more strongly (and
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美国国家经济研究局创建时间：
2024-07-01
