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Replication data for: Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence

Version
V0
Resource Type
Dataset
Creator
  • Bachmann, Rüdiger
  • Berg, Tim O.
  • Sims, Eric R.
Publication Date
2015-02-01
Description
  • Abstract

    There have been suggestions for monetary policy to engineer higher inflation expectations to stimulate spending. We examine the relationship between expected inflation and spending attitudes using the microdata from the Michigan Survey of Consumers. The impact of higher inflation expectations on the reported readiness to spend on durables is generally small, outside the zero lower bound, often statistically insignificant, and inside of it typically significantly negative. In our baseline specification, a one percentage point increase in expected inflation during the recent zero lower bound period reduces households' probability of having a positive attitude towards spending by about 0.5 percentage points. (JEL D12, D84, E21, E31, E52)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/pol.20130292 (Text)
Publications
  • Bachmann, Rüdiger, Tim O. Berg, and Eric R. Sims. “Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence.” American Economic Journal: Economic Policy 7, no. 1 (February 2015): 1–35. https://doi.org/10.1257/pol.20130292.
    • ID: 10.1257/pol.20130292 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Bachmann, Rüdiger; Berg, Tim O.; Sims, Eric R. (2015): Replication data for: Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114585