Showing 1 - 10 of 2,411
In this paper, we present a new indicator to measure the media coverage of inflation. Our Inflation Perception … inflation perception over time. Methodically, the IPI makes use of RollingLDA, a dynamic topic modeling approach refining the … inflation perception indicator as well as for specific topics to analyze time-varying correlations with time series for …
Persistent link: https://www.econbiz.de/10014316793
We find strong econometric support for a break in the relationship between perceived and HICP inflation in the euro …
Persistent link: https://www.econbiz.de/10011618160
well as the improvements made to this measure of inflation since 2003 – finds that the HICP continues to fulfil the …. More generally, the paper also finds that auxiliary inflation measures can play an important role in the ECB’s economic and … monetary analyses. This applies not only to analytical series including OOH, but also to measures of underlying inflation or a …
Persistent link: https://www.econbiz.de/10012626725
well as the improvements made to this measure of inflation since 2003 – finds that the HICP continues to fulfil the …. More generally, the paper also finds that auxiliary inflation measures can play an important role in the ECB’s economic and … monetary analyses. This applies not only to analytical series including OOH, but also to measures of underlying inflation or a …
Persistent link: https://www.econbiz.de/10013210846
This paper empirically tests the Kumara Swamy Theorem of the Inflationary Gap for 27 European Union countries over the period 1999-2011. The study obtained data from the World Bank's World Development Indicators database for each country's money supply, Gross National Income (GNI) and Consumer...
Persistent link: https://www.econbiz.de/10013076773
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
Expectations are at the centre of modern macroeconomic theory and policymakers. In this paper, we examine the predictive ability and the consistency properties of macroeconomic expectations using data of the European Central Bank (ECB) Survey of Professional Forecasters (SPF)
Persistent link: https://www.econbiz.de/10012961331
The aim of this study is to assess empirically to what extent the degree of heterogeneity of consumers’ inflation …
Persistent link: https://www.econbiz.de/10013316330
cross-country differences in the mismatch of perceived and actual inflation in the aftermath of the cash changeover are …This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … products around the cash changeover varied across countries, depending on the complexity of conversion rates. These changeover …
Persistent link: https://www.econbiz.de/10013317681
inflation measure in the future. This paper uses the Bundesbank's online household panel to study how household expectations …-run expectations for euro area overall inflation, interest rates, and OOH inflation. Long-run expectations are typically higher for OOH … inflation than overall inflation, and both are unanchored from the ECB's target at the time of the survey. We find significantly …
Persistent link: https://www.econbiz.de/10014532469