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A Peer-reviewed scientific articles/A1 Journal article (refereed), original research
      
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Cognitive Abilities and Inflation Expectations, AEA Papers and Proceedings May (2019). D'Acunto, Francesco; Hoang, Daniel; Paloviita, Maritta; Weber, Michael


Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text D'Acunto, Francesco; Hoang, Daniel; Paloviita, Maritta; Weber, Michael 
Number of authors
Status Published
Year of publication 2019 
Date 04.01.2019 
Name of article Cognitive Abilities and Inflation Expectations 
Name of journal AEA Papers and Proceedings
Volume of issue 109 
Number of issue May 
Pages 562-566 
Abstract Cognitive abilities help explain the large cross-sectional variation in inflation expectations at the household level. But which type of cognitive abilities are important? We find that not only quantitative abilities but also logical and verbal abilities are important to explain the accuracy and plausibility of households' inflation expectations. We discuss the channels through which different forms of cognition might shape households' abilities to forecast future macroeconomic variables. We also draw implications for the effectiveness of policies that aim to manage households' expectations.
Free text descriptor in Finnish hinnat; inflaatio; odotukset; kotitaloudet; kognitiiviset taidot 
Free text descriptor in English inflation; expectations 
JEL-codes D12; D84; E31; E37 
ISSN / e-ISSN 2574-0776 
auki Internet addresses
Additional information May 2019