Replication data for: Inflation Expectations, Learning, and Supermarket Prices: Evidence from Survey Experiments

Alberto Cavallo, Ricardo Perez-Truglia & Guillermo Cruces
Information frictions play a central role in the formation of household inflation expectations, but there is no consensus about their origins. We address this question with novel evidence from survey experiments. We document two main findings. First, individuals in low inflation contexts have significantly weaker priors about the inflation rate. This finding suggests that rational inattention may be an important source of information frictions. Second, cognitive limitations also appear to be a source of information...
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