We examine whether inflation expectations obtained by open- and closed-ended questions lead to different inflation expectations through a randomized controlled trial. We find that different questionnaires measure significantly different inflation expectations, especially in the short term. We...

We present the results of an experiment where a random subset of the participants in the Bundesbank's household panel receive personalized response scales, centered at each participant's point forecast. Personalized response scales offer two advantages over the standard scale which is centered...

In a randomized experiment embedded in a survey, I test the effects of variations in question wording and format on consumer response behavior and the corresponding inflation expectations. To this end, survey participants from a representative sample of German consumers are broken down into four...

Understanding individuals' beliefs, preferences, and motivations is essential in social sciences. Recent technological advancements—notably, large language models (LLMs) for analyzing open-ended responses and the diffusion of voice messaging— have the potential to significantly enhance our...

Understanding individuals' beliefs, preferences, and motivations is essential in social sciences. Recent technological advancements—notably, large language models (LLMs) for analyzing open-ended responses and the diffusion of voice messaging—have the potential to significantly enhance our...