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Inflation perceptions and expectations in the euro area: the role of news
Badarinza, Cristian; Buchmann, Marco - European Central Bank - 2009
The aim of this study is to assess empirically to what extent the degree of heterogeneity of consumers’ inflation perceptions and expectations is driven by the flow of information related to current and future price developments in the euro area. We conduct the analysis both on an aggregate...
Persistent link: https://www.econbiz.de/10005049560
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The rationality of consumers' inflation expectations: survey-based evidence for the euro area
Forsells, Magnus; Kenny, Geoff - European Central Bank - 2002
This paper uses survey data to assess consumers' inflation expectations in the euro area. The probability approach is used to derive quantitative estimates of inflation expectations from the European Commission's Consumer Survey. The paper subsequently analyses the empirical properties of the...
Persistent link: https://www.econbiz.de/10005530749
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ECB - Working paper series
European Central Bank
The ECB Working Paper Series seeks to disseminate economic research on issues that are relevant to the various tasks and functions of the ECB. The Series invites submissions of research work by ECB staff and visitors. Papers by researchers not affiliated with the ECB may also be considered for...
Persistent link: https://www.econbiz.de/10009635880
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Estimating Phillips curves in turbulent times using the ECB's survey of professional forecasters
Koop, Gary; Onorante, Luca - European Central Bank - 2012
This paper uses forecasts from the European Central Bank’s Survey of Professional Forecasters to investigate the relationship between inflation and inflation expectations in the euro area. We use theoretical structures based on the New Keynesian and Neoclassical Phillips curves to inform our...
Persistent link: https://www.econbiz.de/10010686766
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How much does the public know about the ECB's monetary policy? Evidence from a survey of Dutch households
van der Cruijsen, Carin; Jansen, David-Jan; de Haan, Jakob - European Central Bank - 2010
Does the general public know what central banks do? Is this kind of knowledge relevant? Using a survey of Dutch households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge on the ECB’s objectives is far from perfect. Both a...
Persistent link: https://www.econbiz.de/10008694054
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Background studies for the ECB's evaluation of its monetary policy strategy
Issing, Otmar (contributor) - European Central Bank - 2003
Persistent link: https://www.econbiz.de/10004820102
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Explaining EU citizens’ trust in the ECB in normal and crisis times
Ehrmann, Michael; Soudan, Michel; Stracca, Livio - European Central Bank - 2012
We study the determinants of trust in the ECB as measured by the European Commission's Eurobarometer survey. The … formulation of the corresponding question in this survey is very general, and compatible with very different notions of "trust" by … respondents. In particular, the survey does not ask whether respondents trust that the ECB delivers on its mandate. Still, the ECB …
Persistent link: https://www.econbiz.de/10010686791
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Explicit inflation objectives and macroeconomic outcomes
Levin, Andrew T.; Natalucci, Fabio M.; Piger, Jeremy M. - European Central Bank - 2004
We find evidence that adopting an explicit inflation objective plays a role in anchoring long-run inflation expectations and in reducing the intrinsic persistence of inflation. For the period 1994-2003, private-sector long-run inflation forecasts exhibit significant correlation with lagged...
Persistent link: https://www.econbiz.de/10005079098
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Definition of price stability, range and point inflation targets: the anchoring of long-term inflation expectations
Rodriguez-Palenzuela, Diego; Castelnuovo, Efrem; … - European Central Bank - 2003
JEL Classification: E52, E61, E31, E42, E43
Persistent link: https://www.econbiz.de/10005530707
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Economic surprises and inflation expectations: Has anchoring of expectations survived the crisis?
Lejsgaard Autrup, Søren; Grothe, Magdalena - European Central Bank - 2014
This paper analyses price formation in medium- to longer-term maturity segments of euro area and US inflation-linked and nominal bond markets around the releases of important economic indicators. We compare the pre-crisis and crisis periods, controlling for liquidity effects observed in...
Persistent link: https://www.econbiz.de/10011067251