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Inflation expectations, inflation target credibility and the COVID-19 pandemic : new evidence from Germany
Coleman, Winnie; Nautz, Dieter - 2021
Using the exact wording of the ECB's definition of price-stability, we started a representative online survey of German citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation target. Our results indicate that credibility has...
Persistent link: https://www.econbiz.de/10012661961
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The role of media for inflation forecast disagreement of households and professional forecasters
Maag, Thomas; Lamla, Michael - 2009
This paper investigates the effects of media coverage and macroeconomic conditions on inflation forecast disagreement … inflation affects forecast disagreement by influencing information sets as well as predictor choice. Our empirical results show … and professionals primarily depends on the current rate of inflation. -- forecast disagreement ; inflation expectations …
Persistent link: https://www.econbiz.de/10003908680
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The role of information and experience for households' inflation expectations
Conrad, Christian; Enders, Zeno; Glas, Alexander - 2021
Based on a new survey of German households, we investigate the role that information channels and lifetime experience play in households' inflation expectations. We show that the types of information channels that households use to inform themselves about monetary policy are closely related to...
Persistent link: https://www.econbiz.de/10012489572
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Heterogeneous Expectations, Learning and European Inflation Dynamics
Weber, Anke - 2016
household and expert inflation expectations in five core European economies (France, Germany, Italy, Netherlands and Spain … frequently than households. Furthermore, household expectations in the Euro Area have not converged to the inflation goal of the …
Persistent link: https://www.econbiz.de/10012991141
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Inflation expectations, inflation target credibility and the COVID-19 pandemic : new evidence from Germany
Coleman, Winnie; Nautz, Dieter - 2021
Using the exact wording of the ECB's definition of price-stability, we started a representative online survey of German citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation target. Our results indicate that credibility has...
Persistent link: https://www.econbiz.de/10012590362
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The effect of macroeconomic uncertainty on household spending
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2021
measured in follow-up surveys. Higher macroeconomic uncertainty induces households to reduce their spending on non … luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes. …
Persistent link: https://www.econbiz.de/10012519401
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The effect of macroeconomic uncertainty on household spending
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2021
measured in follow-up surveys. Higher macroeconomic uncertainty induces households to reduce their spending on non … luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes. …
Persistent link: https://www.econbiz.de/10012491975
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The effect of macroeconomic uncertainty on household spending
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2021
Persistent link: https://www.econbiz.de/10012496006
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Monetary policy announcements and expectations : evidence from German firms
Enders, Zeno; Hünnekes, Franziska; Müller, Gernot J. - 2019
We assess empirically whether monetary policy announcements impact firm expectations. Two features of our data set are key. First, we rely on a survey of production and price expectations of German firms, that is, expectations of actual price setters. Second, we observe the day on which firms...
Persistent link: https://www.econbiz.de/10012159806
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Inflation expectations and the recovery from the Great Depression in Germany
Daniel, Volker; Ter Steege, Lucas - 2018
A regime shift towards increased inflation expectations is credited with jumpstarting the recovery from the Great Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation expectations play at the start of this remarkable economic...
Persistent link: https://www.econbiz.de/10012159651