Purpose The purpose of this paper is to analyse the level of financial literacy among youth in
the world based on previous studies. The study, particularly, focus at how socio-economic …

Financial literacy programs are fast becoming a key ingredient in financial policy reform
worldwide. Yet, what is financial literacy exactly and what do we know of its effectiveness …

Households' and firms' subjective inflation expectations play a central role in
macroeconomic and intertemporal microeconomic models. We discuss how subjective …

This paper provides a critique of the DSGE models that have come to dominate
macroeconomics during the past quarter-century. It argues that at the heart of the failure …

In this survey, we review the voluminous body of literature on the measurement and the
determinants of financial literacy. Wherever possible, we supplement existing findings with …

This paper argues for a careful (re) consideration of the expectations formation process and
a more systematic inclusion of real-time expectations through survey data in macroeconomic …

Personal experiences of economic outcomes, from global financial crises to individual-level
job losses, can shape individual beliefs, risk attitudes, and choices for years to come. A …

A combined measure of financial literacy that includes both a test score of actual financial
literacy and a self‐rating of overall financial literacy is used in this study. We find that the …

Expectations about economic variables vary systematically across genders. In the domain of
inflation, women have persistently higher expectations than men. We argue that traditional …

Using newly collected data from the RAND American Life Panel, we examine potential
explanations for the gender gap in financial literacy, including the role of marriage and who …