Author:
,Akhmetova G. I.,Taskarina B. M., ,Isetova A. T.,
Abstract
In this article we investigate whether this heterogeneity is related to differences in the level of financial literacy of households. Using microdata from surveys on inflation expectations of Kazakhstani households, we constructed an indicator of "financial literacy". According to the results, this indicator helps to explain the level of inflation expectations: respondents with a relatively higher level of financial literacy tend to have relatively lower and more accurate inflation expectations.
Publisher
PANORAMA Publishing House
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