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Inflation thresholds and inattention
Bracha, Anat; Tang, Jenny - 2019 - This version: September, 2019
Inflation expectations are key to economic activity, and in the current economic climate of a heated labor market, they are central to the policy debate. At the same time, a growing literature on inattention suggests that individuals, and therefore individual behavior, may not be sensitive to...
Persistent link: https://www.econbiz.de/10012135707
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Inflation persistence in the UK 1993-2019 : from months to years
Dixon, Huw; Li, Yiyi; Meenagh, David; Tian, Maoshan - 2024
In this paper we model monthly UK inflation and find that there is some small but significant autocorrelation, particularly at 12 months. We find that this autocorrelation in monthly inflation leads to significant persistence in the headline annual inflation figure. A one-off shock to monthly...
Persistent link: https://www.econbiz.de/10014491765
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Information frictions among firms and households
Link, Sebastian; Peichl, Andreas; Roth, Christopher; … - 2022
We survey samples of German firms and households to document novel stylized facts about the extent of information frictions among the two groups. First, firms' expectations about macroeconomic variables are closer to expert forecasts and less dispersed than households', consistent with higher...
Persistent link: https://www.econbiz.de/10012818403
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Information frictions among firms and households
Link, Sebastian; Peichl, Andreas; Roth, Christopher; … - 2021
We leverage survey data from Germany, Italy, and the US to document several novel stylized facts about the extent of information frictions among firms and households. First, firms’ expectations about the central bank policy rate, inflation, and aggregate unemployment are more aligned with...
Persistent link: https://www.econbiz.de/10012491615
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Information frictions among firms and households
Link, Sebastian; Peichl, Andreas; Roth, Christopher; … - 2022
We survey samples of German firms and households to document novel stylized facts about the extent of information frictions among the two groups. First, firms' expectations about macroeconomic variables are closer to expert forecasts and less dispersed than households', consistent with higher...
Persistent link: https://www.econbiz.de/10012886985
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Information frictions among firms and households
Link, Sebastian; Peichl, Andreas; Roth, Christopher; … - 2021
We use surveys of German households and firms to study the extent of information frictions among different groups of economic agents. Firms' expectations about the central bank policy rate, inflation, and aggregate unemployment are more aligned with expert forecasts and less dispersed than...
Persistent link: https://www.econbiz.de/10013335954
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Subjective Income Expectations and Household Debt Cycles
D'Acunto, Francesco; Weber, Michael; Yin, Xiao - National Bureau of Economic Research - 2024
expectations. Extrapolative income expectations help explain state-dependent household debt cycles qualitatively and quantitatively …
Persistent link: https://www.econbiz.de/10014635678
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On the dynamic effects of the cross-section distribution of sectoral price changes in China
Gu, Biao; Fu, Liying; Yu, Kehuan - In: International studies of economics 18 (2023) 4, pp. 468-501
This paper investigates the dynamic interactions of the cross-section distribution of sectoral price changes and the … frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative … price skewness, and output growth can be successfully detected by the MFVAR. The cross-section distribution of sectoral …
Persistent link: https://www.econbiz.de/10014465997
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Asymmetric price effects on food demand of rural households : panel evidence from China
Huang, Jiaqi; Antonides, Gerrit; Nie, Fengying - In: Journal of economic psychology : research in economic … 89 (2022), pp. 1-14
Persistent link: https://www.econbiz.de/10013258295
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Asymmetric response of Investor sentiment to economic policy uncertainty, interest rates and oil price uncertainty : evidence from OECD countries
Guenich, Hassen; Hamdi, Khalfaoui; Chouaibi, Néjib - In: Cogent economics & finance 10 (2022) 1, pp. 1-18
The question of the economic policy uncertainty, interest rate and oil price volatility and their effects on investor … policy uncertainty, interest rate and oil price uncertainty have disproportionately asymmetric effects on OECD investor …
Persistent link: https://www.econbiz.de/10014500444