Wändi Bruine de Bruin|Wilbert Vanderklaauw|Julie S. Downs|Baruch Fischhoff|Giorgio Topa|Olivier Armantier
Expectations of Inflation: The Role of Demographic Variables, Expectation Formation, and Financial Literacy
Carnegie Mellon University|Decision Sciences (United States)|Federal Reserve Bank of New York|Decision Sciences (United States)|Carnegie Mellon University|Decision Sciences (United States)|Carnegie Mellon University|Federal Reserve Bank of New York|Federal Reserve Bank of New York
financial decisions consequences beyond immediate future individuals economic success may depend ability forecast rate inflation higher inflation expectations reported individuals female poorer single less educated results suggest demographic differences inflation expectations may partially explained variations expectation formation financial literacy specifically higher inflation expectations reported individuals focused cover future expenses prices pay rather us inflation rate individuals lower financial literacy