Showing 1 - 10 of 114
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
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/10012915565
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/10014358863
This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank …, we first test the effect of non-numerical information about inflation and monetary policy, the literacy treatment. In the … the literacy treatment, incorporate quantitative information differently into their inflation forecasts. We find that the …
Persistent link: https://www.econbiz.de/10014346849
This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank …, we first test the effect of non-numerical information about inflation and monetary policy, the extitliteracy treatment … received the extitliteracy treatment, incorporate quantitative information differently into their inflation forecasts. We find …
Persistent link: https://www.econbiz.de/10014366839
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
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
about inflation, we analyze the formation process of inflation perceptions and expectations as well as interrelations … between the variables. Throughout the analysis, the role of media reports about inflation is emphasized and results for the … low inflation period January 1998 to December 2007 are compared to those including the high inflation year 2008. Rejecting …
Persistent link: https://www.econbiz.de/10010425851
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
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