Narrow search
Showing 1 - 10 of 4,790
Cover Image
Central Bank Communication with the General Public : Promise or False Hope?
Blinder, Alan S.; Ehrmann, Michael; Haan, Jakob de; … - National Bureau of Economic Research - 2022
. This article surveys a rapidly-growing literature on central bank communication with the public. We first discuss why and … how such communication is more challenging than communicating with expert audiences. Then we survey the empirical evidence …
Persistent link: https://www.econbiz.de/10013334494
Cover Image
Central Bank Communication and House Price Expectations
Binder, Carola Conces; Kuang, Pei; Tang, Li - National Bureau of Economic Research - 2023
We study how US consumers' house price expectations respond to verbal and non-verbal communication about interest rate … changes using several large online surveys. Verbal communication about interest rate hikes leads to little response of average … house price expectations but large heterogeneity among household groups. Communication about rate hikes combined with a …
Persistent link: https://www.econbiz.de/10014287333
Cover Image
On Eliciting Subjective Probability Distributions of Expectations
Boctor, Valerie R.; Coibion, Olivier; Gorodnichenko, Yuriy - National Bureau of Economic Research - 2024
Using data from a large survey of American households, we compare density forecasts elicited with bins- and scenarios-based questions. We show that inflation density forecasts are sensitive to the survey question designs used to elicit them. The within-person discrepancy is smaller, but still...
Persistent link: https://www.econbiz.de/10014544685
Cover Image
The Causal Effects of Inflation Uncertainty on Households' Beliefs and Actions
Georgarakos, Dimitris - 2024
We implement a survey-based randomized information treatment that generates independent variation in the inflation expectations and the uncertainty about future inflation of European households. This variation allows us to assess how both first and second moments of inflation expectations...
Persistent link: https://www.econbiz.de/10015094856
Cover Image
Perceived Political Bias of the Federal Reserve
Kuang, Pei - 2024
We conduct a survey experiment with a large, politically representative sample of U.S. consumers (5,205 participants) to study how perceptions of the U.S. Federal Reserve's (Fed) political stance shape macroeconomic expectations and trust in the Fed. The public is divided on the Fed's political...
Persistent link: https://www.econbiz.de/10015094913
Cover Image
Informal Central Bank Communication
Vissing-Jorgensen, Annette - 2020
informal communication - including unattributed communication -- plays a central role in monetary policy communication. This … contrasts with the standard communications framework in which communication should be public and on-the-record because it serves … to ensure accountability and policy effectiveness. I lay out possible benefits of using unattributed communication as an …
Persistent link: https://www.econbiz.de/10012482494
Cover Image
Central Bank Communication and Policy Effectiveness
Woodford, Michael - 2005
communication by central banks about their policy decisions, the targets that they seek to achieve through those decisions, and the … central bank's view of the economy's likely future evolution. This paper considers the role of such communication in the …
Persistent link: https://www.econbiz.de/10012466773
Cover Image
Firming up Price Inflation
Bunn, Philip; Anayi, Lena S.; Bloom, Nicholas; Mizen, Paul - National Bureau of Economic Research - 2022
We use data from a large panel survey of UK firms to analyze the economic drivers of price setting since the start of the Covid pandemic. Inflation responded asymmetrically to movements in demand. This helps to explain why inflation did not fall much during the negative initial pandemic demand...
Persistent link: https://www.econbiz.de/10013388861
Cover Image
How Do Supply Shocks to Inflation Generalize? Evidence from the Pandemic Era in Europe
Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - National Bureau of Economic Research - 2023
We document how supply-chain pressures, household inflation expectations, and firm pricing power interacted to induce the pandemic-era surge in consumer price inflation in the euro area. Initially, supply-chain pressures increased inflation through a cost-push channel and raised inflation...
Persistent link: https://www.econbiz.de/10014421216
Cover Image
Why Survey-Based Subjective Expectations are Meaningful and Important
D'Acunto, Francesco; Weber, Michael - National Bureau of Economic Research - 2024
households to the same monetary and fiscal policy measures. Matching microdata on households' characteristics with the price …
Persistent link: https://www.econbiz.de/10014512053