{"id":"https://openalex.org/W3124698307","doi":null,"title":"Inflation expectations and behavior: Do survey respondents act on their beliefs?","display_name":"Inflation expectations and behavior: Do survey respondents act on their beliefs?","publication_year":2012,"publication_date":"2012-01-01","ids":{"openalex":"https://openalex.org/W3124698307","mag":"3124698307"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:red:sed012:121","doi":null,"is_oa":false,"landing_page_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2012/paper_121.pdf","pdf_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2012/paper_121.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5019203054","display_name":"Wilbert van der Klaauw","orcid":"https://orcid.org/0000-0002-7977-3342","observed_orcids":["https://orcid.org/0000-0002-7977-3342"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Wilbert van der Klaauw","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5052099873","display_name":"W\u00e4ndi Bruine de Bruin","orcid":"https://orcid.org/0000-0002-1601-789X","observed_orcids":["https://orcid.org/0000-0002-1601-789X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"W\u00e4ndi Bruine de Bruin","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5082677079","display_name":"Giorgio Topa","orcid":"https://orcid.org/0000-0001-7427-8281","observed_orcids":["https://orcid.org/0000-0001-7427-8281"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Giorgio Topa","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-7427-8281","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5062549354","display_name":"Basit Zafar","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Basit Zafar","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5112060186","display_name":"Olivier Armantier","orcid":"https://orcid.org/0000-0002-7597-7196","observed_orcids":["https://orcid.org/0000-0002-7597-7196"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Olivier Armantier","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6338000297546387,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6338000297546387,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.25679999589920044,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.042899999767541885,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inflation-expectations","display_name":"inflation expectations","score":0.9990000128746033},{"id":"https://openalex.org/keywords/customer-expectations","display_name":"customer expectations","score":0.6919999718666077},{"id":"https://openalex.org/keywords/survey-expectations","display_name":"survey expectations","score":0.35899999737739563},{"id":"https://openalex.org/keywords/investment-behavior","display_name":"investment behavior","score":0.46799999475479126},{"id":"https://openalex.org/keywords/expected-utility-theory","display_name":"expected utility theory","score":0.6899999976158142},{"id":"https://openalex.org/keywords/rationality","display_name":"rationality","score":0.5379999876022339},{"id":"https://openalex.org/keywords/financial-literacy","display_name":"financial literacy","score":0.7300000190734863},{"id":"https://openalex.org/keywords/numeracy","display_name":"numeracy","score":0.9900000095367432},{"id":"https://openalex.org/keywords/microfoundations-of-macroeconomics","display_name":"microfoundations of macroeconomics","score":0.7839999794960022}],"concepts":[{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.8166546821594238},{"id":"https://openalex.org/C53537400","wikidata":"https://www.wikidata.org/wiki/Q140637","display_name":"Numeracy","level":3,"score":0.7194286584854126},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6308414936065674},{"id":"https://openalex.org/C2777941463","wikidata":"https://www.wikidata.org/wiki/Q1416374","display_name":"Financial literacy","level":2,"score":0.6239704489707947},{"id":"https://openalex.org/C198477413","wikidata":"https://www.wikidata.org/wiki/Q7647069","display_name":"Survey data collection","level":2,"score":0.5374117493629456},{"id":"https://openalex.org/C2778755073","wikidata":"https://www.wikidata.org/wiki/Q10858537","display_name":"Scale (ratio)","level":2,"score":0.5244712829589844},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4987165927886963},{"id":"https://openalex.org/C173481278","wikidata":"https://www.wikidata.org/wiki/Q7257997","display_name":"Survey research","level":2,"score":0.4346790015697479},{"id":"https://openalex.org/C547764534","wikidata":"https://www.wikidata.org/wiki/Q8236","display_name":"Literacy","level":2,"score":0.42992857098579407},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3610265552997589},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.14313435554504395},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.08938190340995789},{"id":"https://openalex.org/C45355965","wikidata":"https://www.wikidata.org/wiki/Q1643441","display_name":"Socioeconomics","level":1,"score":0.07903674244880676},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.07545426487922668},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.06388095021247864},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C58640448","wikidata":"https://www.wikidata.org/wiki/Q42515","display_name":"Cartography","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:red:sed012:121","doi":null,"is_oa":false,"landing_page_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2012/paper_121.pdf","pdf_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2012/paper_121.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3124698307","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:red:sed012:121","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W7099637355","https://openalex.org/W7117656997","https://openalex.org/W2108915661","https://openalex.org/W4409993927","https://openalex.org/W2242786276","https://openalex.org/W3121401775","https://openalex.org/W6960007784","https://openalex.org/W7100448966","https://openalex.org/W3012346041","https://openalex.org/W2169997522"],"abstract_inverted_index":{"We":[0],"compare":[1],"the":[2,37,40,44,52,102,108],"inflation":[3,24,28,62],"expectations":[4,29,63],"reported":[5,42],"by":[6,43],"consumers":[7],"in":[8,14,36,51,68],"a":[9,15,92],"survey":[10,30],"with":[11,48,72],"their":[12,49,61],"behavior":[13,78],"financially":[16],"incentivized":[17],"investment":[18],"experiment":[19],"designed":[20],"such":[21],"that":[22,39],"future":[23],"affects":[25],"payoffs.":[26],"The":[27],"is":[31],"found":[32],"to":[33,58,83,88,104,107],"be":[34,80,84],"informative":[35],"sense":[38],"beliefs":[41],"respondents":[45,56],"are":[46,100],"correlated":[47],"choices":[50],"experiment.":[53],"Furthermore,":[54],"most":[55],"appear":[57],"act":[59],"on":[60,91],"showing":[64],"patterns":[65],"consistent":[66],"(both":[67],"direction":[69],"and":[70,87,94],"magnitude)":[71],"expected":[73],"utility":[74],"theory.":[75],"Respondents":[76],"whose":[77],"cannot":[79],"rationalized":[81],"tend":[82],"less":[85],"educated":[86],"score":[89],"lower":[90],"numeracy":[93],"financial":[95],"literacy":[96],"scale.":[97],"These":[98],"findings":[99],"therefore":[101],"first":[103],"provide":[105],"support":[106],"micro-foundations":[109],"of":[110],"modern":[111],"macroeconomic":[112],"models.":[113]},"counts_by_year":[{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":3}],"updated_date":"2026-09-21T07:43:02.447757","created_date":"2021-02-01T00:00:00"}
