How do macroeconomic expectations affect consumer decisions? This paper reports results from a natural field experiment with 2,872 credit card customers from a large commercial bank to answer this question. Participants of the experiment first completed as survey that measured consumer expectations about future inflation and the nominal exchange rate. This survey was combined with an information-provision experiment that generated exogenous variation...
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INFORMATION
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2021/01/25
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Document de travail de recherche sur les politiques
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WPS9524
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1
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1
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2021/01/25
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Disclosed
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Macroeconomic Expectations and Credit Card Spending
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exchange rate