Inflation illiteracy – a micro-data evaluation

Fredrik N. G. Andersson, Erik Hjalmarsson and Pär Österholm of Riksbank analyse what share of households that may be thought of to be poorly knowledgeable about inflation:

Utilizing micro-level survey information from the Nationwide Institute of Financial Analysis’s Financial Tendency Survey, we discover {that a} comparatively massive share of Swedish households is ill-informed in regards to the price of inflation within the financial system, with perceived and anticipated charges of inflation deviating considerably from official measures. Probit evaluation of the info signifies that such inflation illiteracy is said to respondent traits, together with earnings, schooling and intercourse. Lastly, we present that the remedy
of extreme-value solutions has a considerable impact on the aggregated time sequence usually reported and mentioned.

This entry was posted on January 4, 2023 at 3:18 pm and is filed beneath Academic research & research papers, Central Banks / Monetary Policy. You possibly can observe any responses to this entry by the RSS 2.0 feed.
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