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Contracts and Firms’ Inflation Expectations

Kumar, Saten; Wesselbaum, Dennis - 2021

We use novel survey data to study firms’ inventory contracts. We document facts about the usage of purchase and sale … contracts. We find that firms purchase and sell inventory through three contractual arrangements: fixed price and quantity …, fixed price only, and fixed quantity only. The former holds the largest share of contracts. The average duration of purchase …

Persistent link: https://www.econbiz.de/10013211067

Disagreement about inflation and the yield curve

Ehling, Paul; Gallmeyer, Michael F.; Heyerdahl-Larsen, … - In: Journal of financial economics 127 (2018) 3, pp. 459-484

Persistent link: https://www.econbiz.de/10011968936

Survey measures of inflation expectations in Poland: are they relevant from the macroeconomic perspective?

Lyziak, Tomasz - In: Baltic Journal of Economics 16 (2016) 1, pp. 33-52

This paper estimates different versions of the stylized New Keynesian model of the Polish economy, in which alternative measures of inflation expectations are used, that is, model-consistent (rational) expectations and survey-based expectations of consumers, enterprises and financial sector...

Persistent link: https://www.econbiz.de/10011868503

Inflation expectation formation of German consumers: rational or adaptive?

Sabrowski, Henry - 2008

This paper analyzes the inflation expectation formation empirically for German consumers. The expectation formation process is analyzed for a representative consumer and for different demographic groups. The results indicate that German consumers are a relatively homogeneous group. There are...

Persistent link: https://www.econbiz.de/10010265193

Inflation Expectations, the Phillips Curve and Monetary Policy

Curto Millet, Fabien - 2007

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the real and monetary sides of the economy; yet, direct empirical research on the matter has been scarce at best. This paper therefore examines the empirical properties of inflation...

Persistent link: https://www.econbiz.de/10010271069

First-order and higher-order inflation expectations: Evidence about households and firms

Kieren, Pascal; König-Kersting, Christian; Schmidt, … - 2024

We study first-order and higher-order inflation expectations of German households and firms elicited from surveys. The data allows to shed light on the relation between different orders of beliefs, and to derivate implications for noisy-information models with infinite regress. Moreover, since...

Persistent link: https://www.econbiz.de/10014561434

Consumer inflation expectations in Poland

£yziak, Tomasz - 2003

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...

Persistent link: https://www.econbiz.de/10009635882

Medium- vs. short-term consumer inflation expectations: Evidence from a new euro area survey

Stanisławska, Ewa; Paloviita, Maritta - 2021

Using the ECB Consumer Expectations Survey, this paper investigates how consumers revise medium-term inflation expectations. We provide robust evidence of their adjustment to the current economic developments. In particular, consumers adjust medium-term inflation views in response to changes in...

Persistent link: https://www.econbiz.de/10012614221

Inflation expectations and the passthrough of oil prices

Aastveit, Knut Are; Bjørnland, Hilde Christiane; … - 2020

Do inflation expectations and the associated pass-through of oil price shocks depend on demand and supply conditions underlying the global market for crude oil? We answer this question with a novel structural vector autoregressive model of the global oil market that jointly identifies...

Persistent link: https://www.econbiz.de/10012661559

Inflation expectations and their role in Eurosystem forecasting

2021

This paper summarises the findings of the Eurosystem's Expert Group on Inflation Expectations (EGIE), which was one of the 13 work streams conducting analysis that fed into the ECB's monetary policy strategy review. The EGIE was tasked with (i) reviewing the nature and behaviour of inflation...

Persistent link: https://www.econbiz.de/10012661646

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