Monetary Conditions News and Consumer Expectations at the Zero Lower Bound

Using Michigan Survey of Consumers data from December 2008 to December 2015, we fi nd U.S. households' interest rate expectations respond to monetary conditions news - in the direction intended by monetary policy, which would be consistent with the signalling channel of unconventional monetary policy. However, our results indicate neither short-term nor medium-term household inflation expectations respond to monetary conditions news

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Year of publication:	2017
Authors:	Sheen, Jeffrey
Other Persons:	Wang, Ben Zhe (contributor)
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Niedrigzinspolitik \| Low-interest-rate policy \| Erwartungsbildung \| Expectation formation \| Zins \| Interest rate \| Inflationserwartung \| Inflation expectations

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Extent:	1 Online-Ressource (8 p)
Series:	Macquarie University Faculty of Business & Economics Research Paper ; No. 5/2017
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 11, 2017 erstellt
Other identifiers:	10.2139/ssrn.3051073 [DOI]
Classification:	C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data ; D83 - Search, Learning, Information and Knowledge ; D84 - Expectations; Speculations
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012945861