Showing 1 - 6 of 6
releases with larger differences in wording lead to higher volatility in financial markets, suggesting that their content is … volatility, once their wording is updated, volatility increases substantially. …
Persistent link: https://www.econbiz.de/10011517131
We use internationally comparable household-level data for ten euro area economies and the United States to investigate cross-country differences in debt holdings and the potential of debt overhang. U.S. households have the highest prevalence of both collateralized and non-collateralized debt,...
Persistent link: https://www.econbiz.de/10010526694
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in spillovers) and flight-to-quality patterns, exploiting...
Persistent link: https://www.econbiz.de/10010508561
Persistent link: https://www.econbiz.de/10012991292
Persistent link: https://www.econbiz.de/10012991298
This paper studies the formation of consumers' inflation expectations using micro-level data from the Michigan Survey …. It shows that beyond the well-established socioeconomic determinants of inflation expectations such as gender, income or … the average household in response to increasing media reporting about inflation. …
Persistent link: https://www.econbiz.de/10010363553