Ambiguity aversion and heterogeneity in households' beliefs
UK households that wish for lower inflation and lower nominal interest rates have higher expected inflation. We interpret the evidence through the lens of a New Keynesian model where ambiguity-averse households differ in wealth, skill, labor market participation, and the receipt of government transf...
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| Veröffentlicht in: | American economic journal. Macroeconomics 2024-04, Vol.16 (2), p.95-126 |
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| Format: | Artikel |
| Sprache: | eng |
| Online-Zugang: | Volltext |
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