Still, they do show that the way we look at the economy matters for which activities we value as societies. This, in return, influences our decision-making and our wellbeing. That is why I believe that diversity should matter in economics! 2.2 Inflation expectations Before we talk about the importance of these findings for decision-makers, let us look at another example: Namely, inflation expectations.
Central bankers care a great deal about inflation expectations, because they indicate whether monetary policy is credible in maintaining price stability. What we observe is that women's inflation expectations tend to be higher than men's – especially in times of sharply rising grocery store prices. 3 Why? The answer is simple: Because women tend to do most of the weekly shopping.