Showing 1 - 10 of 103
Das 38. Ökonomenpanel von ifo und FAZ, an dem 145 Professorinnen und Professoren teilnahmen, widmet sich der Inflation … Inflation werden die hohen Energie- und Rohstoffpreise, Lieferengpässe und die Geldpolitik genannt. Um die Inflation zu senken …
Persistent link: https://www.econbiz.de/10013266583
We compare the formation of quantitative inflation perceptions and expectations from questions asked either in terms of … price changes or in terms of the inflation rate in a new socio-economic household survey established at the University of … bank, risk attitudes as well as news heard on monetary policy or inflation. We find that the upwards bias of reported …
Persistent link: https://www.econbiz.de/10010425204
Building on Prospect Theory, we apply the concept of loss aversion to the formation of inflation perceptions and test … empirically for non-linearities in the inflation-perceptions relation for a panel of 10 Euro area countries. Specifically, under … the assumption of loss aversion, inflation changes above a certain reference rate will be perceived more strongly …
Persistent link: https://www.econbiz.de/10010425854
inflation and on unemployment. This relationship can be motivated by the existence of the Taylor rule. Using micro survey data … mainly driven by disagreement on inflation. Exploring further determinants, we confirm that central bank transparency as well …
Persistent link: https://www.econbiz.de/10010504015
same inflation or interest rate expectations can differently assess whether the level of the corresponding variable is … and affects durable spending and saving decisions. We also show that the variation in inflation preferences can be …
Persistent link: https://www.econbiz.de/10013166152
By providing numerical inflation projections. Many central banks currently face inflation well above their targets and … with that the challenge to prevent spillovers on inflation expectations. We study the effect of different communication … about the 2021 inflation surge on German consumers' inflation expectations using a randomized control trial. We show that …
Persistent link: https://www.econbiz.de/10012820929
Using a new consumer survey dataset, we study the role of macroeconomic preferences for expectations and economic decisions. While household expectations are inversely related to preferences, households with the same in ation expectations can differently assess whether the level of expected in...
Persistent link: https://www.econbiz.de/10012519950
We study the effects of forward looking communication in an environment of rising inflation rates on German consumers …' inflation expectations using a randomized control trial. We show that information about rising inflation increases short- and … long-term inflation expectations. This initial increase in expectations can be mitigated using forward looking information …
Persistent link: https://www.econbiz.de/10013278897
By providing numerical inflation projections. Many central banks currently face inflation well above their targets and … with that the challenge to prevent spillovers on inflation expectations. We study the effect of different communication … about the 2021 inflation surge on German consumers' inflation expectations using a randomized control trial. We show that …
Persistent link: https://www.econbiz.de/10012814490
react more to adverse news shocks. This alludes to potentially long-lasting costs of high inflation spells. …In this paper, we explore the degree of anchoring of consumers' individual long-run inflation expectations utilizing …-run inflation expectations became more anchored over the last decades, as the degree of co-movement between short- and long …
Persistent link: https://www.econbiz.de/10011846446