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dc.contributor.authorDuffy, Daviden
dc.contributor.authorLunn, Peteen
dc.date.accessioned2011-09-30T10:01:24Z-
dc.date.available2011-09-30T10:01:24Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/50170-
dc.description.abstractHow people perceive and forecast inflation has the potential to impact on a range of economic outcomes. We reveal large, systematic overestimation of inflation by Irish consumers, which varies by social group. In contrast to previous work in this area, our models suggest the upward bias and the variation by social group should be considered substantially separate phenomena. We also offer evidence that inflation misperceptions are linked to attitudes and intentions with respect to consumption and saving and, hence, are likely to affect household decision-making. The findings therefore raise issues regarding the relationship between financial literacy and consumer behaviour.en
dc.language.isoengen
dc.publisher|aThe Economic and Social Research Institute (ESRI) |cDublinen
dc.relation.ispartofseries|aESRI Working Paper |x261en
dc.subject.ddc330en
dc.subject.stwInflationsrateen
dc.subject.stwInflationserwartungen
dc.subject.stwWahrnehmungen
dc.subject.stwSoziale Gruppeen
dc.subject.stwKonsumentenverhaltenen
dc.subject.stwSparenen
dc.subject.stwIrlanden
dc.titleThe misperception of inflation by Irish consumers-
dc.typeWorking Paperen
dc.identifier.ppn584380275en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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