Public debt and household inflation expectations /

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Bibliographic Details
Author / Creator:	Grigoli, Francesco, author.
Imprint:	[Washington, DC] : International Monetary Fund, [2023]
Description:	1 online resource (27 pages) : color illustrations.
Language:	English
Series:	IMF working paper ; WP/23/66 IMF working paper ; WP/23/66.
Subject:	Debts, Public. Inflation (Finance) Fiscal policy.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13571879

Hidden Bibliographic Details
Other authors / contributors:	Sandri, Damiano, author.
ISBN:	9798400235214
Notes:	"2023 Mar." Includes bibliographical references (pages 19-20). Online resource; title from PDF title page (IMF eLibrary, viewed June 6, 2023).
Summary:	"We use randomized controlled trials in the US, UK, and Brazil to examine the causal effect of public debt on household inflation expectations. We find that people underestimate public debt levels and increase inflation expectations when informed about the correct levels. The extent of the revisions is proportional to the size of the information surprise. Confidence in the central bank considerably reduces the sensitivity of inflation expectations to public debt. We also show that people associate high public debt with stagflationary effects and that the sensitivity of inflation expectations to public debt is considerably higher for women and low-income individuals."--Abstract.
Standard no.:	10.5089/9798400235214.001

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