Householdss Inflation Perceptions and Expectations: Survey Evidence From New Zealand

2018 ◽  
Author(s):  
Bernd Hayo ◽  
Florian Neumeier
Keyword(s):  
New Zealand ◽  
Perceptions And Expectations ◽  
Inflation Perceptions

scholarly journals Households’ inflation perceptions and expectations: survey evidence from New Zealand

2021 ◽  
Author(s):  
Bernd Hayo ◽  
Florian Neumeier
Keyword(s):  
New Zealand ◽  
Information Search ◽  
Imperfect Information ◽  
Descriptive Statistics ◽  
Inflation Expectations ◽  
Economic Knowledge ◽  
Knowledge And Attitudes ◽  
Rational Actor ◽  
Perceptions And Expectations ◽  
Inflation Perceptions

AbstractIn 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.

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