How Long to Read Inflation Expectations and the Supply Chain

How Long Does it Take to Read Inflation Expectations and the Supply Chain?

It takes the average reader and 42 minutes to read Inflation Expectations and the Supply Chain by Elías Albagli

Assuming a reading speed of 250 words per minute. Learn more

Description

We show that firms rely on price changes observed along their supply chain to form expectations about aggregate inflation, and that these expectations have a complete pass-through to sales prices. Leveraging a unique dataset on Chilean firms merging expectation surveys and records from the VAT and customs registries, we document that changes in prices at which firms purchase inputs inform their forecasts of the economy’s inflation. This is the case even if changes in input costs do not determine the inflation outcome. These findings reject the full-information rational-expectations hypothesis and are consistent with firms’ disagreement about future inflation and inattention to macroeconomic news, which we document for Chile. Our results from a firm-level Phillips’ curve estimation suggest that firms’ beliefs about inflation are a key determinant for their price-setting decisions. Therefore, we argue that the channel we highlight in this paper has the potential to lead to dispersion in inflation expectations, price dispersion, and weaken the expectation channel of policies.

How long is Inflation Expectations and the Supply Chain?

Inflation Expectations and the Supply Chain by Elías Albagli is 42 pages long, and a total of 10,584 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Inflation Expectations and the Supply Chain Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read Inflation Expectations and the Supply Chain aloud.

What Reading Level is Inflation Expectations and the Supply Chain?

Inflation Expectations and the Supply Chain is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Inflation Expectations and the Supply Chain?

Inflation Expectations and the Supply Chain by Elías Albagli is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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