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Would households understand average inflation targeting?

Hoffmann, Mathias; Pavlova, Lora; Mönch, Emanuel; … - 2022

Yes, they would. In a randomized control trial, we provide groups of respondents from the Bundesbank Online Panel Households with information about a hypothetical alternative ECB monetary policy regime akin to the Federal Reserve’s flexible average inflation targeting (AIT). Inflation...

Persistent link: https://www.econbiz.de/10013205445

Linking savings behavior, confidence and individual feedback : a field experiment in Ethiopia

Avdeenko, Alexandra; Bohne, Albrecht; Frölich, Markus - 2019

In this paper we investigate behavioral constraints to savings among smallholder farmers in rural Ethiopia. Increasing savings by overcoming such behavioral constraints has been documented to have positive effects on various outcomes such as health, education, and agricultural investments. We...

Persistent link: https://www.econbiz.de/10012126111

The higher the goal, the more you eat : reference dependence in an "all-you-can-eat" restaurant

Sirikarn Phuchadaa; Phumsith Mahasuweerachai - 2022

Persistent link: https://www.econbiz.de/10013429523

Mental accounting and the marginal propensity to consume

Bernard, René - 2023

This paper studies how and why consumers respond to unexpected, transitory income shocks. In a randomized control trial, I elicit marginal propensities to consume (MPC) out of different hypothetical income shock scenarios, varying the payment mode, the shock size, and the source of income. The...

Persistent link: https://www.econbiz.de/10014320569

The pass-through from inflation perceptions to inflation expectations

Huber, Stefanie J.; Minina, Daria; Schmidt, Tobias - 2023 - Version: June 19, 2023

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...

Persistent link: https://www.econbiz.de/10014320795

Forceful or persistent : wow the ECB's new inflation target affects households' inflation expectations

Hoffmann, Mathias; Mönch, Emanuel; Pavlova, Lora; … - 2023

We study how households adjust their medium-term inflation expectations under the new ECB strategy. We find that survey respondents make little difference between the previous strategy of targeting inflation rates close to but below 2% and the new strategy with a symmetric 2% target. Yet,...

Persistent link: https://www.econbiz.de/10014391441

Heterogeneity in migration network effects across cultures

Bogatzki, Tamara - 2021

I empirically assess the importance of socially interdependent origin cultures as opposed to socially independent ones for network effects in inter-national migration. I propose that societies that emphasise collectivist behaviour accumulate larger levels of communityspecific social capital than...

Persistent link: https://www.econbiz.de/10012589738

Birthplace diversity and team performance

Brox, Enzo; Krieger, Tommy - 2019

We present a simple model to illustrate how birthplace diversity may affect team performance. The model assumes that birthplace diversity increases the stock of available knowledge due to skill complementarities and decreases effciency due to communication barriers. The consequence of these two...

Persistent link: https://www.econbiz.de/10012010641

International migration, remittances and welfare in a dependent economy

Djajić, Slobodan - 1984 - Rev.

Persistent link: https://www.econbiz.de/10003526541

Are remittances a substitute for credit? : carrying the financial burden of health shocks in national and transnational households

Ambrosius, Christian - 2012

The assumption that remittances are a substitute for credit has been an implicit or explicit theoretical foundation of … many empirical studies on remittances. This paper directly tests this assumption by comparing the response to health … to health shocks. This finding is consistent with the view that remittances respond to households' demand for financing …

Persistent link: https://www.econbiz.de/10009526023