IDEAS home Printed from https://ideas.repec.org/p/nbr/nberwo/33837.html

News Selection and Household Inflation Expectations

Author

Listed:
  • Ryan Chahrour
  • Adam Hale Shapiro
  • Daniel Wilson

Abstract

We examine how the media's systematic selection of reporting topics influences household responses to inflation news. In a model where households learn about inflation from news coverage, households account for news selection when forming their expectations. Because media are more likely to report on inflation when it is high, the model implies an asymmetric response to news: high-inflation news changes expectations more than low-inflation news. We test this implication using household panel data, and find that exposure to higher-prices news increases inflation expectations by 0.4 percentage point, while exposure to lower-prices news has no significant effect.

Suggested Citation

  • Ryan Chahrour & Adam Hale Shapiro & Daniel Wilson, 2025. "News Selection and Household Inflation Expectations," NBER Working Papers 33837, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:33837
    Note: EFG ME
    as

    Download full text from publisher

    File URL: http://www.nber.org/papers/w33837.pdf
    Download Restriction: Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html. Free access is also available to older working papers.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or

    for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Weiyang ZHAI & Yushi YOSHIDA, 2026. "Inflation Expectations in Japan: Forecast revision and forecast trends," Discussion papers 26004, Research Institute of Economy, Trade and Industry (RIETI).

    More about this item

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:33837. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.