Partisan expectations and COVID era inflation: A comment

A-Tier
Journal: Journal of Monetary Economics
Year: 2024
Volume: 148
Issue: S

Authors (4)

Aidala, Felix (not in RePEc) Armantier, Olivier (not in RePEc) Topa, Giorgio (not in RePEc) van der Klaauw, Wilbert (Federal Reserve Bank of New Yo...)

Score contribution per author:

1.005 = (α=2.01 / 4 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this note we provide comments on the paper “Partisan Expectations and COVID Era Inflation” (2024) by Binder, Kamdar, and Ryngaert (BKR). We complement BKR’s analysis by bringing to bear new evidence from the New York Fed’s Survey of Consumer Expectations. Our analysis confirms BKR’s results of a relationship between political affiliation and inflation expectations. However, we find no clear evidence that Republicans’ inflation expectations became unanchored during the Covid-19 era. We also offer some commentary on BKR’s MSA-level empirical Phillips curve analysis and conclude with some observations on how BKR’s paper contributes to the literature on consumers’ inflation expectations.

Technical Details

RePEc Handle
repec:eee:moneco:v:148:y:2024:i:s:s0304393224001120
Journal Field
Macro
Author Count
4
Added to Database
2026-01-29