Showing 1 - 10 of 26
estimating potential effects of interest rate changes on expectations, disagreements and forecast errors. We find strong evidence …
Persistent link: https://www.econbiz.de/10011853950
Inflation expectations play a crucial role for monetary policy transmission, having become even more important since … determinants of professional inflation expectations for the G7 economies. We emphasize the role of international spillovers in … inflation expectations stemming from monetary policy decisions in the US. We also consider several possible determinants, such …
Persistent link: https://www.econbiz.de/10011892023
estimating potential effects of interest rate changes on expectations, disagreements and forecast errors. We find strong evidence …
Persistent link: https://www.econbiz.de/10011892078
Sluggish adjustment of expectations to new information is rational in an environment characterized by information costs … expectations using data from Consensus Economics for eight emerging and industrial economies from 1999 until 2015. Our results …
Persistent link: https://www.econbiz.de/10011892133
This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for … expected exchange rate changes. In doing so, we assess data for 31 economies from 2002 to 2017 and consider expectations …
Persistent link: https://www.econbiz.de/10012287905
This paper introduces a new measure of fiscal policy uncertainty based on the disagreement among professional forecasters. We analyze different patterns of this measure for the German economy for a sample period from November 1995 to April 2018 and also use Italian data for comparison....
Persistent link: https://www.econbiz.de/10012386999
This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … mechanism in foreign exchange markets. We analyze the role of expectations regarding macroeconomic fundamentals for expected … expectations regarding GDP growth, inflation, interest rates, and current accounts. Our empirical findings show that fundamentals …
Persistent link: https://www.econbiz.de/10012939153
developments into account while expectations for minor currencies react stronger to response policies. …
Persistent link: https://www.econbiz.de/10012803887
This paper examines whether and how expectations have contributed to the turbulent path of the Turkish lira since 2008 … exchange rates and stock market returns via increased uncertainty. We also show that expectations regarding monetary policy … have changed throughout the sample period. In line with, a gradual adjustment of expectations professionals have accounted …
Persistent link: https://www.econbiz.de/10014377374
This paper analyzes the role of uncertainty on both exchange rate expectations and forecast errors of professionals for … the adjustment of exchange rate expectations. Our findings are robust to different forecasting horizons and point to an …
Persistent link: https://www.econbiz.de/10011533201