Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/265057 
Year of Publication: 
2022
Series/Report no.: 
GLO Discussion Paper No. 1175
Publisher: 
Global Labor Organization (GLO), Essen
Abstract: 
One of the dangers of high inflation is that it can cause firms and households to pay close attention to it. This internalization of inflation can lead to an accelerationist regime, making inflation harder to control. We empirically assess the relationship between attention and the level of inflation for 37 countries. Our measures of attention are constructed either from internet search behavior or the popularity of inflation mentions on Twitter. We find evidence that attention thresholds do exist for the majority of countries in our sample. We also find interesting variability across countries.
Subjects: 
inflation
attention
threshold
JEL: 
E31
E52
E70
Document Type: 
Working Paper

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