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This paper estimates the elasticity of intertemporal substitution for the euro area. It leverages the unique design of the Consumer Expectations Survey in Europe to directly infer it from the Euler equation. Our final estimates range between 0.7 and 0.8 for the euro area as a whole, which are...
Persistent link: https://www.econbiz.de/10015152737
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We study the redistributive effects of inflation combining administrative bank data with an information provision … experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are … concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal assets, most are …
Persistent link: https://www.econbiz.de/10014339966
We study the redistributive effects of inflation combining administrative bank data with an information provision … experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are … concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal assets, most are …
Persistent link: https://www.econbiz.de/10014372429
We study the redistributive effects of inflation combining administrative bank data with an information provision … experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are … concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal assets, most are …
Persistent link: https://www.econbiz.de/10014364676
We study households' response to the redistributive effects of inflation combining bank data with an information … experiment during historic inflation. Households are generally well-informed about inflation and concerned about its wealth … impact; yet, while knowledge about inflation eroding nominal assets is widespread, most households are unaware of nominal …
Persistent link: https://www.econbiz.de/10015175417
We study the redistributive effects of surprise inflation combining administrative bank data with an information … provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing … inflation and are concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal …
Persistent link: https://www.econbiz.de/10014490357
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Persistent link: https://www.econbiz.de/10013440488
Persistent link: https://www.econbiz.de/10014447474