Weber, Michael; Candia, Bernardo; Ropele, Tiziano; … - National Bureau of Economic Research - 2023
affects how agents learn from new information. We show that as inflation has recently risen in advanced economies, both … households and firms have become more attentive and informed about inflation, leading them to respond less to exogenously … provided information about inflation and monetary policy. We also study the effects of RCTs in countries where inflation has …