Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence
---- Acknowledgments ----
We are grateful to conference/seminar participants at the 2012 ASSA meeting in Chicago, the European Central Bank, the 2011 Ifo Conference on "Macroeconomic and Survey Data'', the Ifo Institute, Maryland, the NBER Monetary Economics group, Notre Dame, the SEEK/CEPR Workshop on "News, Sentiment, and Confidence in Fluctuations'', and Western Michigan University for useful suggestions. We are particularly grateful to Olivier Coibion for a helpful discussion and to Mike Pries for several comments. We also thank Annika Klatt for her excellent research assistance. The usual disclaimer applies. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.