Inflation expectations of households and the upgrading channel

• المؤلفون الرئيسيون: AGARWAL, Sumit, CHUA, Yeow Hwee, SONG, Changcheng
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2022
• الموضوعات: Inflation expectations; Consumption; upgrading; Product Replacement; Survey Experiment; Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/7156; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8155/viewcontent/inflation.pdf
• المؤسسة: Singapore Management University

Motivated by the evidence that households purchased better quality goods across time in Singapore, we use a survey experiment to study the relationship between consumption upgrading and households’ beliefs about inflation. We find that providing price information on better-quality products will lead...