Households´ Inflation Perceptions and Expectations: Survey Evidence from New Zealand

Households´ Inflation Perceptions and Expectations: Survey Evidence from New Zealand

In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique representative survey data collected in 2016 and using descriptive statistics and multivariate regressions, we explore various aspects of how laypersons perceive inflation and form inflation exp...

Full beskrivning

Sparad:
Bibliografiska uppgifter
I publikationen:MAGKS - Joint Discussion Paper Series in Economics (Band 05-2018)
Huvudupphovsmän: Hayo, Bernd, Neumeier, Florian
Materialtyp: Artikel
Språk:engelska
Publicerad: Philipps-Universität Marburg 2017
Ämnen:
New Zealand
monetary policy
Inflation perception
household survey
Wirtschaft
inflation expectation
Economics
Länkar:PDF-fulltext
Taggar: Lägg till en tagg
Inga taggar, Lägg till första taggen!
Beskrivning
Sammanfattning:In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique representative survey data collected in 2016 and using descriptive statistics and multivariate regressions, we explore various aspects of how laypersons perceive inflation and form inflation expectations. We focus on how an individual’s economic situation, information search and interest in inflation, economic knowledge, and attitudes and values are related to inflation perception and expectation, as well as the individual’s reaction to them. We interpret our findings as a clear indication that laypersons’ knowledge about inflation is much better described by the imperfect information view prevailing in social psychology than by the rational actor view typically assumed in economics.
Fysisk beskrivning:42 Seiten
ISSN:1867-3678
DOI:10.17192/es2024.0558

Liknande verk