Showing 1 - 10 of 108
play in households' inflation expectations. We show that the types of information channels that households use to inform …, have a major influence on the level of perceived past and expected future inflation, as well as on the uncertainty thereof …. The expected future change in inflation and the unemployment rate, however, is strongly influenced by individual …
Persistent link: https://www.econbiz.de/10013236387
find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … (not always for the countries). The analysis is undertaken for headline inflation and inflation excluding energy and food …
Persistent link: https://www.econbiz.de/10013306825
This paper documents a strong relationship between households' perceptions about inflation over the past 12 months and … households' short- and long-term expectations about future inflation. This relationship is strong during periods of high-inflation … but even stronger during low-inflation periods. We establish a causal relationship by implementing a randomized …
Persistent link: https://www.econbiz.de/10014349248
play in households' inflation expectations. We show that the types of information channels that households use to inform …, have a major influence on the level of perceived past and expected future inflation, as well as on the uncertainty thereof …. The expected future change in inflation and the unemployment rate, however, is strongly influenced by individual …
Persistent link: https://www.econbiz.de/10012490465
average inflation targeting (AIT). Inflation expectations significantly increase for the treated individuals. When provided … with additional information about near-term inflation, individuals update their expected inflation path in line with the … difference in medium-term inflation expectations from our survey results. Under AIT, inflation is substantially less volatile and …
Persistent link: https://www.econbiz.de/10014081149
inflation expectations up to five years ahead. This correlation is most pronounced among individuals with extremely high … inflation expectations. Evaluating candidate explanations, we find that part of the link between climate concern and inflation … central bank. Overall, our results suggest that climate change perceptions matter for inflation expectations …
Persistent link: https://www.econbiz.de/10013291305
find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … (not always for the countries). The analysis is undertaken for headline inflation and inflation excluding energy and food …
Persistent link: https://www.econbiz.de/10012797207
horizon-dependent biases and lower accuracy than simple unconditional uncertainty forecasts. We examine the inflation …
Persistent link: https://www.econbiz.de/10012893251
We introduce two types of effort into an otherwise standard labor search model to examine indeterminacy and sunspot equilibria. Variable labor effort gives rise to increasing returns to hours in production. This makes workers more valuable and contributes to self-fulfilling profit expectations,...
Persistent link: https://www.econbiz.de/10012063169
We introduce two types of effort into an otherwise standard labor search model to examine indeterminacy and sunspot equilibria. Variable labor effort gives rise to increasing returns to hours in production. This makes workers more valuable and contributes to self-fulfilling profit expectations,...
Persistent link: https://www.econbiz.de/10012860821