TY  - UNPD
A1  - Vellekoop, Nathanael
A1  - Wiederholt, Mirko
T1  - Inflation expectations and choices of households
T2  - SAFE working paper series ; No. 250
N2  - Do household inflation expectations affect consumption-savings decisions? We link survey data on quantitative inflation expectations to administrative data on income and wealth. We document that households with higher inflation expectations save less. Estimating panel data models with year and household fixed effects, we find that a one percentage point increase in a household's inflation expectation over time is associated with a 250-400 euro reduction in the household's change in net worth per year on average. We also document that households with higher inflation expectations are more likely to acquire a car and acquire higher-value cars. In addition, we provide a quantitative model of household-level inflation expectations.
T3  - SAFE working paper - 250 
Y1  - 2019
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/50090
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-500901
UR  - https://ssrn.com/abstract=3383452
IS  - April 2019
PB  - SAFE
CY  - Frankfurt am Main
ER  -