Inflation Expectations, Learning and Supermarket Prices: Evidence from Survey Experiments

By Alberto Cavallo, Guillermo Cruces, Ricardo Perez-Truglia. 2017

367 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/abf9fef6e9107a7f648d40c07fd6e784bef9995d

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Citations in the corpus

Exposure to Daily Price Changes and Inflation Expectations (2019, positive): “Our paper also build on Cavallo, Cruces, and Perez-Truglia (2017), who study (4)Also, Adam (2007) shows experimentally that individuals use “simple” forecast functions to form inflation expectations that deviate from the rational forecasts.”
How Do Expectations about the Macroeconomy Affect Personal Expectations and Behavior? (2020, positive): “…in more detail in table A1), which was conducted with an online convenience sample from the online labor market Amazon Mechanical Turk (MTurk), which is widely used in experimental economics research (Cavallo et al., 2017; D’Acunto, 2018; Kuziemko et al., 2015; Roth, Settele, & Wohlfart, 2019).”
The Billion Prices Project: Using Online Prices for Measurement and Research (2016, background): “3 More details on the manipulation of inﬂation statistics in Argentina and its impact on inﬂation expectations can be found in Cavallo, Cruces, and Perez-Truglia (2014, 2016).”
The Formation of Expectations, Inflation, and the Phillips Curve (2018, positive): “Cavalho et al. (2016) document that consumers use their memories of”
How Do Firms Form Their Expectations? New Survey Evidence (2018, result): “Hence, within six months, the effect of the information on their beliefs about the RBNZ target had completely dissipated, in line with the Cavallo et al. (2016) estimates for households.”
New Experimental Evidence on Expectations Formation (2017, methodology): “The MTurk platform is commonly used in experimental studies (Kuziemko et al., 2015; D’Acunto, 2015; Cavallo et al., 2016; Dellavigna and Pope, 2017).”
Inflation with Covid Consumption Baskets (2020, positive): “23 This is consistent with a recent literature that finds that consumers use their own purchasing experiences to form expectations about future inflation, as in Coibion and Gorodnichenko (2015), Cavallo et al. (2017), and D’Acunto et al. (2019).”
Designing Information Provision Experiments (2020, background): “Cavallo et al. (2017) and Cullen and Perez-Truglia (2018) show how the coefficient β1 can be given a more structural interpretation.”
Monetary Policy Communications and Their Effects on Household Inflation Expectations (2018, neutral): “See Cavallo et al. (2017) for an application of RCTs to inflation expectations households in the U.S. and Argentina and Fuster et al. (2019) for an RCT studying the spending response to unanticipated spending shocks.”
HOW DOES CONSUMPTION RESPOND TO NEWS ABOUT INFLATION? FIELD EVIDENCE FROM A RANDOMIZED CONTROL TRIAL (2019, result): “The temporary effect on inflation expectations is itself not surprising and in fact consistent with earlier RCT studies for the U.S. and other countries (e.g., Cavallo, Cruces, and Perez-Truglia 2017, Coibion, Gorodnichenko and Weber 2019, Coibion, Gorodnichenko and Ropele 2018).”