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Inflation expectations in the wake of the war in Ukraine
Afunts, Geghetsik; Cato, Misina; Schmidt, Tobias - 2023
Russia's invasion of Ukraine is posing a range of new challenges to the global economy, including affecting the … the period from February 15th to March 29th, 2022. Treating the unanticipated start of the war in Ukraine on the 24 th of …
Persistent link: https://www.econbiz.de/10014227598
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Do exchange rates absorb demand shocks at the ZLB?
Hoffmann, Mathias; Hürtgen, Patrick - 2021
appreciates in response to an asymmetric negative demand shock at the zero lower bound (ZLB) and exacerbates the adverse … at the ZLB. In sharp contrast to the full information model: (i) A negative demand shock concentrated in the home country … causes a real exchange rate depreciation that partially absorbs the demand shock. (ii) A VAR with an identified demand shock …
Persistent link: https://www.econbiz.de/10012510174
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The role of long-term inflation expectations for the transmission of monetary policy shocks
Diegel, Max; Nautz, Dieter - 2020 - This version: November 10, 2020
monetary policy shock. In line with a re-anchoring channel of monetary policy, we find that long-term inflation expectations …
Persistent link: https://www.econbiz.de/10012311576
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Welfare implications of trade sanctions against Russia
Monastyrenko, Evgenii; Picard, Pierre M. - 2023
Persistent link: https://www.econbiz.de/10014472594
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Geopolitical risk perceptions
Bondarenko, Yevheniia; Lewis, Vivien; Rottner, Matthias; … - 2024
newspaper coverage to account for different perceptions. Using Russia as a case study, we demonstrate that geopolitical risk …
Persistent link: https://www.econbiz.de/10015055856
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Firms' expectations and price-setting : evidence from micro data
Boneva, Lena; Cloyne, James; Weale, Martin; Wieladek, Tomasz - 2016
In many forward-looking macroeconomic models, such as the New Keynesian model, firms' expectations about the future play a key role in determining outcomes today. We examine this hypothesis using a novel panel dataset on firms actual and expected price changes collected by the Confederation of...
Persistent link: https://www.econbiz.de/10011523616
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Inflation anchoring in the euro area
Speck, Christian - 2016
Did the decline in inflation rates from 2012 to 2015 and the low levels of market-based inflation expectations lead to de-anchored inflation dynamics in the euro area? This paper is the first time-varying event study to investigate the reaction of inflation-linked swap (ILS) rates - a...
Persistent link: https://www.econbiz.de/10011456474
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Inflation expectations and climate concern
Meinerding, Christoph; Poinelli, Andrea; Schüler, Yves - 2022
Using survey data from German households, we find that individuals with lower climate concern tend to have higher inflation expectations up to five years ahead. This correlation is most pronounced among individuals with extremely high inflation expectations. Evaluating candidate explanations, we...
Persistent link: https://www.econbiz.de/10013171786
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The (ir)relevance of the nominal lower bound for real yield curve analysis
Schupp, Fabian - 2020
I propose a new term structure model for euro area real and nominal interest rates which explicitly incorporates a time-varying lower bound for nominal interest rates. Results suggest that the lower bound is of importance in structural analyses implying time-varying impulse responses of yield...
Persistent link: https://www.econbiz.de/10012222610
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Disentangling the effects of multidimensional monetary policy on inflation and inflation expectations in the euro area
Martínez-Hernández, Catalina - 2020 - This version: October 30, 2020
The European Central Bank (ECB) has adopted a mixture of conventional and unconventional tools in order to achieve its mandate of price stability in the current low-inflation, low-interest-rate scenario. This paper contributes to the existing literature by providing a taxonomy of the ECB’s...
Persistent link: https://www.econbiz.de/10012305860