国际清算银行-公共债务和家庭通胀预期（英）-2023.3

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# 公共债务 # 家庭通胀大小：1.07M | 页数：30 | 上架时间：2023-03-15 | 语言：英文

国际清算银行-公共债务和家庭通胀预期（英）-2023.3.pdf

国际清算银行-公共债务和家庭通胀预期（英）-2023.3.pdf

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类型: 宏观

上传者: XR0209

撰写机构: 国际清算银行

出版日期: 2023-03-14

摘要：

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.

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