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Partisan Expectations and COVID-Era Inflation

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NBER2024-07-01 更新2025-01-04 收录
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We document that, during the COVID-19 era, the inflation expectations of Democrats remained strongly anchored, while those of Republicans did not. Republicans' expectations not only rose well above the inflation target, but also became more sensitive to a variety of shocks, including CPI releases

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2024-07-01
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