Showing 1 - 10 of 1,074
Persistent link: https://www.econbiz.de/10009272799
. Asset price movements induced by changes in trend growth influence balance-sheet conditions that determine the external … the asset price gap represents distortions in the resource allocation induced by financial market imperfections more … calculation of the potential and thus reduces the benefit of responding to the asset price gap. A policy that responds to the …
Persistent link: https://www.econbiz.de/10012761257
Persistent link: https://www.econbiz.de/10010191431
. Asset price movements induced by changes in trend growth influence balance-sheet conditions that determine the external … the asset price gap represents distortions in the resource allocation induced by financial market imperfections more … calculation of the potential and thus reduces the benefit of responding to the asset price gap. A policy that responds to the …
Persistent link: https://www.econbiz.de/10012466222
Persistent link: https://www.econbiz.de/10012603299
Persistent link: https://www.econbiz.de/10012238880
Persistent link: https://www.econbiz.de/10012888375
Economic theory predicts that intertemporal decisions depend critically on expectations about future outcomes. Using the universe of professional survey forecasts for the United States, we document the behavior of the entire term structure of expectations for output growth, inflation, and the...
Persistent link: https://www.econbiz.de/10012660381
We provide survey evidence on how households’ inflation expectations matter for their spending highlighting a behavioral distortion compared to the New Keynesian setup. A large share of households expects prices to remain stable instead of increasing. Such a belief is linked to individual...
Persistent link: https://www.econbiz.de/10012499658
Persistent link: https://www.econbiz.de/10012500384