The Impact of News on US Household Inflation Expectations

Analysis of monthly disaggregated data from 1978 to 2016 on US household inflation expectations reveals that exposure to news on inflation and monetary policy helps to explain inflation expectations. This remains true when controlling for household personal characteristics, their perceptions of the effectiveness of government policies, their expectations of future interest rates and unemployment, and their sentiment levels. We find evidence of an asymmetric impact of news on inflation expectations particularly after 1983, with news on rising inflation and easier monetary policy having a stronger effect in comparison to news on lowering inflation and tightening monetary policy

MoreLess

Year of publication:	2017
Authors:	Chao, Shih-Kang
Other Persons:	Härdle, Wolfgang K. (contributor) ; Sheen, Jeffrey (contributor) ; Trück, Stefan (contributor) ; Wang, Ben Zhe (contributor)
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Privater Haushalt \| Household \| Inflationserwartung \| Inflation expectations \| Ankündigungseffekt \| Announcement effect \| USA \| United States \| Schätzung \| Estimation \| Australien \| Australia \| Großbritannien \| United Kingdom

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (14 p)
Series:	SFB 649 Discussion Paper 2017-011
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 29, 2017 erstellt
Other identifiers:	10.2139/ssrn.2976320 [DOI]
Classification:	D83 - Search, Learning, Information and Knowledge ; D84 - Expectations; Speculations ; E31 - Price Level; Inflation; Deflation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012955413