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
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
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
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 … seems that older cohorts, who experienced the high inflation period of the 1970s, remain less anchored in their long …
Persistent link: https://www.econbiz.de/10011846446
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
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
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
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 … seems that older cohorts, who experienced the high inflation period of the 1970s, remain less anchored in their long …
Persistent link: https://www.econbiz.de/10012915565
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