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Inflation Preferences

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NBER2024-04-01 更新2025-01-04 收录
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We document novel survey-based facts on preferred long-run inflation rates among U.S. consumers. Consumers on average prefer a 0.20% annual inflation rate, considerably below the Federal Reserves 2% target. Inflation preferences not only correlate with demographic and socioeconomic characteristics,

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2024-04-01
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