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Inflation Expectations and Keeping Up With the Joneses

NO : WP-2024-018 AUTHOR : Taniya Ghosh and Abhishek Gorsi TITLE :  Inflation Expectations and Keeping Up With the Joneses Abstract The paper analyzes the role of personal income change and social comparisons in ex­plaining the heterogeneity and upward bias in Indian households’ inflation expectations by using repeated cross-sectional data from the Reserve […]

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