What consumers think about price growth matters. But finding out what they think is a tough task, says the Financial Times’ Gillian Tett.
NEW YORK: Almost a decade ago, the economists Francesco D’Acunto, Ulrike Malmendier and Michael Weber examined the responses given by 18,000 Americans to the Chicago Booth Expectations and Attitudes Survey.consumer attitudes to the economy
In families where men did an equal amount of grocery shopping, the inflation projections of the men and women were found to be more similar. “… expose women to different signals about prices than men,” the group concluded, noting that this generated “divergent beliefs about future inflation”. So it’s more important than ever to understand what is happening inside consumers’ heads as they project future prices.
The inflation gender gap is one example of this, but not the only one. Take the Michigan University consumer survey of inflation expectations, arguably the best known of its kind in America. This suggests that five-year inflation expectations have recently fallen from 3 per cent to 2.9 per cent. Another possible explanation is that consumers’ focus on economic data fluctuates. Recently, a dozen economists in the US collaborated on a massive series of randomised controlled studies to explore the question of consumer “attention” to information.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Commentary: Co-living with youths among ways Singapore can expand, improve assisted living options for seniorsSingapore is rapidly ageing.
続きを読む »
Commentary: Malaysia’s state elections - when referendum takes precedence over reformasiIt may well be true that not much has changed after the six state elections in Malaysia last week. But much of the political ground - specifically among Malay voters - has shifted towards the opposition, says ISEAS-Yusof Ishak Institute's Dr Norshahril Saat.
続きを読む »
Commentary: Singaporean who speaks 11 languages should inspire even those who struggle with our mother tongueIf we struggle with our mother tongue despite years in school, do we lack innate talent for languages? Most of us won’t end up speaking 11 languages like Oxford student Jonas Fine Tan, but his story should inspire us to try, says NUS Centre for Language Studies’ Daniel Chan.
続きを読む »
Commentary: The value of budget surpluses for Singapore in challenging timesThe Singapore government is constitutionally obliged to achieve a balanced budget over its term of office. What about targeting a net surplus instead, ask Eddie Choo and Gillian Koh from the Institute of Policy Studies.
続きを読む »
Commentary: China grapples with a glut of university-educated workersChina’s surge in colleague graduates has contributed to a supply-demand imbalance in the country’s job market, say researchers from the East Asian Institute, NUS.
続きを読む »
Commentary: China property giant Country Garden’s woesWorries about China’s real estate sector are resurfacing two years after the collapse of Evergrande. Bloomberg Opinion’s Shuli Ren weighs in on developer Country Garden’s possible debt restructuring.
続きを読む »