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(like professional forecasters) have responded to the COVID-19 pandemic by lowering their one-year-ahead inflation …) following the onset of the pandemic, while household measures of inflation expectations jumped markedly. Third, despite the … see the shock (thus far) largely as a demand rather than supply shock. A greater share of firms reports significant or …
Persistent link: https://www.econbiz.de/10012268092
, on net, saw COVID-19 largely as a demand shock and lowered their one-year-ahead expectations. However, as the pandemic …Using the Federal Reserve Bank of Atlanta's Business Inflation Expectations (BIE) survey, which has been continuously … firms' marginal cost expectations and risk during the COVID-19 pandemic. First, in the early months of the pandemic, firms …
Persistent link: https://www.econbiz.de/10014368549
restriction measures and local unemployment rates on inflation expectations. We find that consumers who were locally more exposed … to COVID-19 cases report higher inflation expectations. e relationship between the virus spread and inflation … experience channel. Information about the pandemic and its effects played an important role during the rst wave of the pandemic …
Persistent link: https://www.econbiz.de/10014227597
recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for …% over the medium term. We investigate how inflation expectations and the impact of the pandemic depend on personal … citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation …
Persistent link: https://www.econbiz.de/10012590362
recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for …% over the medium term. We investigate how inflation expectations and the impact of the pandemic depend on personal … citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation …
Persistent link: https://www.econbiz.de/10012661961
Persistent link: https://www.econbiz.de/10014317965
The coronavirus crisis that started in December 2019 was declared a pandemic by March 2020 and had devastating global … effective vaccines. While many governments implemented lockdowns to counter the pandemic, others did not let the virus halt … economic activity. In this paper, we use a Bayesian Vector Autoregressive framework to study the effects of the pandemic on …
Persistent link: https://www.econbiz.de/10012792445
Persistent link: https://www.econbiz.de/10012821964
We examine the efficacy of affirmative action at universities whose value depends on peer and alumni networks. We study an elite Brazilian university that adopted race- and income-based affirmative action at a large scale. Using employer-employee data, we show that a key benefit of attending the...
Persistent link: https://www.econbiz.de/10012805824
since the start of the COVID-19 pandemic. We find that household inflation expectations responded slowly and mostly at the …This paper studies how inflation beliefs reported in the New York Fed’s Survey of Consumer Expectations have evolved … short-term horizon. In contrast, the data reveal immediate and unprecedented increases in individual inflation uncertainty …
Persistent link: https://www.econbiz.de/10012319281