Showing 41 - 50 of 191
This paper studies the formation of consumers inflation expectations using micro-level data from the Michigan Survey …. It shows that beyond the well-established socio-economic determinants of inflation expectations like gender, income or … average household in response to increasing media reporting about inflation …
Persistent link: https://www.econbiz.de/10013055021
This paper studies consumers' inflation expectations using micro-level data from the Surveys of Consumers conducted by … inflation. Equivalent results are found during recessions …
Persistent link: https://www.econbiz.de/10013024228
This paper studies consumers' inflation expectations using micro-level data from the Surveys of Consumers conducted by … inflation. Equivalent results are found during recessions. …
Persistent link: https://www.econbiz.de/10011261278
We build a stylised 12-country model of the euro area and use it to analyse how differences in national inflation and … third. Among the propagation mechanisms a key role is played by inflation persistence; for plausible parameter values even … control of average area-wide inflation around a target tends to reduce the differentials as well. …
Persistent link: https://www.econbiz.de/10005579811
This paper studies the formation of consumers’ inflation expectations using micro-level data from the Michigan Survey …. It shows that beyond the well-established socio-economic determinants of inflation expectations such as gender, income or … the average household in response to increasing media reporting about inflation. …
Persistent link: https://www.econbiz.de/10010783636
This paper presents empirical evidence on the behaviour of interbank lending in Germany after a monetary policy impulse. Our VAR analysis shows that following a monetary contraction, the banking system as a whole attracts additional funds from foreign banks. Whereas small cooperative and savings...
Persistent link: https://www.econbiz.de/10010295709
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...
Persistent link: https://www.econbiz.de/10010295715
This paper investigates whether the degree and the nature of economic and monetary policy interdependence between the United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the perspective of financial markets by analysing the...
Persistent link: https://www.econbiz.de/10010298252
Monetary policy in the euro area is conducted within a multi-country, multi-cultural, and multi-lingual context involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand and to anticipate monetary policy by the ECB? Using a...
Persistent link: https://www.econbiz.de/10010299102
The paper shows that there is a substantial degree of heterogeneity in the ability of Fed watchers to forecast US monetary policy decisions. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the...
Persistent link: https://www.econbiz.de/10010299141