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Household expectations and the release of macroeconomic statistics

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  • Binder, Carola Conces

Abstract

Households were surveyed in the days immediately before and after the June release of the Consumer Price Index (CPI). The CPI release was associated with an 11 percentage point increase in the likelihood that a respondent heard news about inflation, with a larger increase for highly-numerate respondents. Inflation expectations only of highly-numerate respondents rose with the CPI release.

Suggested Citation

  • Binder, Carola Conces, 2021. "Household expectations and the release of macroeconomic statistics," Economics Letters, Elsevier, vol. 207(C).
    • Handle: RePEc:eee:ecolet:v:207:y:2021:i:c:s0165176521003189
    DOI: 10.1016/j.econlet.2021.110041
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    References listed on IDEAS

    as
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    Cited by:

    1. Carola Binder & Rupal Kamdar, 2022. "Expected and Realized Inflation in Historical Perspective," Journal of Economic Perspectives, American Economic Association, vol. 36(3), pages 131-156, Summer.
    2. Binder, Carola Conces, 2022. "Time-of-day and day-of-week variations in Amazon Mechanical Turk survey responses," Journal of Macroeconomics, Elsevier, vol. 71(C).

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    More about this item

    Keywords

    Consumer expectations; Inflation expectations; Inflation; Consumer price index;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-

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