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The response of debtors to rate changes

Fuster, Andreas; Gianinazzi, Virginia; Hackethal, Andreas; … - 2026

Persistent link: https://econbiz.de/10015590662

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The response of debtors to rate changes

Fuster, Andreas; Gianinazzi, Virginia; Hackethal, Andreas; … - 2026

Book / Working Paper

The Response of Debtors to Rate Changes

Fuster, Andreas; Gianinazzi, Virginia; Hackethal, Andreas; … - 2026

Book / Working Paper

Upward bias in inflation perceptions: Persistence, drivers, implications

Andre, Peter; Schaffranka, Claudia; Weber, Michael - 2026

Persistent link: https://econbiz.de/10015608835

Upward bias in inflation perceptions: persistence, drivers, implications

Andre, Peter; Schaffranka, Claudia; Weber, Michael - 2026 - Manuscript completed in February 2026

This paper examines the persistent upward bias in euro area households' inflation perceptions and expectations, even when realized inflation is near the ECB's target. It discusses behavioural and informational drivers of this bias, its implications for consumption, wage setting, and monetary...

Persistent link: https://econbiz.de/10015607760

The response of debtors to rate changes

Fuster, Andreas; Gianinazzi, Virginia; Hackethal, Andreas; … - 2026

How borrowers respond to future changes in the interest rate on their debt matters for the transmission of monetary policy and for household financial stability. Combining bank data, a letter RCT, and a survey, we study this question in the context of the German mortgage market, where since 2022...

Persistent link: https://econbiz.de/10015592035

Show one more version 1

The response of debtors to rate changes

Fuster, Andreas; Gianinazzi, Virginia; Hackethal, Andreas; … - 2026

Book / Working Paper

Human Capital Expenditure and Its Effectiveness on Multi-Program Coverage : A Policy Prioritization Investigation

Guerrero, Omar A.; Castañeda, Gonzalo; Guariso, Daniele; … - 2026

This paper uses artificial intelligence-enhanced agent computing to determine how to allocate budgetary resources within a large set of heterogeneous government programs targeting human capital. The approach considers essential features of the budget allocation process: multidimensionality,...

Persistent link: https://econbiz.de/10015673042

Belief disagreement, instability, and uncertainty under stochastic recall

Kuang, Pei; Tang, Li; Weber, Michael - 2026

Expectations are typically modeled as functions of an agent’s information set. Using preregistered evidence, we show that beliefs depend instead on the information agents retrieve when forming them. Even after observing identical histories of inflation or stock returns, individuals recall...

Persistent link: https://econbiz.de/10016059524

Polarized media and inflation expectations

Demiralp, Selva; Saka, Orkun; Weber, Michael - 2026

We study how politically polarized television news shapes household inflation expectations in Turkey. We combine new household panel data with transcript-based measures of channel-level inflation coverage during prime-time news and a large-scale randomized information experiment. Inflation...

Persistent link: https://econbiz.de/10016060042

How Costly Are Business Cycle Volatility and Inflation? A Vox Populi Approach

Georgarakos, Dimitris; Kim, Kwang Hwan; Coibion, Olivier; … - 2025

Persistent link: https://econbiz.de/10015339003

Central Bank Communication with the Polarized Public

Kuang, Pei; Weber, Michael; Xie, Shihan - 2025

Persistent link: https://econbiz.de/10015339500

The Long-Term Effects of Inflation on Inflation Expectations

Braggion, Fabio; von Meyerinck, Felix; Schaub, Nic; … - 2025

Persistent link: https://econbiz.de/10015339547