The demographics of inflation opinion surveys
By Michael F. Bryan, Guhan Venkatu. Federal Reserve Bank of Cleveland. Economic Commentary, 2001
151 citations recorded by the source corpus.
In this Commentary, we document that people report very different perceptions and predictions of inflation depending upon their income, education, age, race, and gender - a strange finding that may provide an important clue to understanding how to interpret survey data of inflation expectations.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/4c4938c14037c409b594698fad958d3edbd2d2da
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In Economics and Econometrics
- William A. Branch
- Michael Ehrmann
- Panagiota Tzamourani
- Cars H. Hommes
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- Benjamin Braun
Citations in the corpus
- The Role of Central Bank Transparency for Guiding Private Sector Forecasts (2012, unknown): “Given that quantitative surveys on inflation expectations have typically concluded that consumers tend to overestimate inflation by non-negligible amounts (Bryan and Venkatu 2001), we take this to suggest that a reduction in the level of inflation expectations is equivalent to an improvement in fore”
- Sticky information and model uncertainty in survey data on inflation expectations (2007, background): “Moreover, unlike in the previous subsection, we assume that each predictor π̂j,t+12 is recursive and updated each (j +1) periods.(12) It should be noted that the predictors are updated each j +1 periods since j = 0 was designated above as full-information.”
- Monetary Policy Communications and Their Effects on Household Inflation Expectations (2018, unknown): “For example, we find that men have lower and less dispersed inflation expectations than women on average (as in Bryan and Venkatu 2001 and D’Acunto et al. 2019), higher-income households also have lower and less dispersed inflation expectations (as in Binder 2015) as do households with higher…”
- Memories of High Inflation (2012, background): “…controls are important, given earlier evidence that females tend to have higher inflation perceptions and inflation expectations than men, and that age, income as well as education are important in that regard (Bryan and Venkatu 2001, Lombardelli and Saleheen 2003, Christensen et al. 2006).”