世界各地的通货膨胀、家庭与中央银行

摘要

Which facts about households’ inflation expectations are universal across countries and demographic groups? Using homogeneous survey data from 32,000 respondents in 32 countries. We find substantial heterogeneity in inflation perceptions and expectations: older, male, and economically literate respondents report lower values, while unemployed and impatient respondents higher values. Yet, we detect striking similarity in how perceptions translate into expectations across demographic groups and countries. Inflation narratives also differ sharply: Europeans emphasize geopolitical shocks and supply disruptions, whereas respondents in high-inflation countries blame central banks. Support for non-standard central-bank mandates also varies systematically. Respondents whose preferred mandates differ from those they perceive central banks to pursue have higher inflation expectations and lower trust.