Munich Personal RePEc Archive

Who wants price stability?

Beja, Edsel Jr. (2012): Who wants price stability?

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Abstract

The paper uses the "subjective well-being as input" framework to examine how life satisfaction and other life circumstances might affect the consideration of price stability. Results show that people who experience negative or adverse situations are more likely to attend to negative matters like rising prices, which implies price instability; those who experience positive or favorable situations are likely to worry less about price stability.

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