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Inflation Regimes and Inflation Expectations
Gagnon, Joseph - 1997
There has been much talk in the popular press about the difficulty of attaining credibility in the bond markets for the low-inflation policies that have been adopted by a number of central banks in recent years. This credibility problem is particularly severe for those countries that have a...
Persistent link: https://www.econbiz.de/10014141517
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Household inflation expectations and consumer spending : evidence from panel data
Burke, Mary A.; Ozdagli, Ali - 2020 - This version: January 2020
spending from 2009 through 2012 that also allow us to control for household heterogeneity. We find that durables spending …
Persistent link: https://www.econbiz.de/10012395132
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Inflation target credibility in times of high inflation
Coleman, Winnie; Nautz, Dieter - 2022
We use a representative online survey to investigate the inflation expectations of German consumers and the credibility of the ECB's inflation target during the recent high inflation period. We find that credibility has trended downwards since summer 2021, reaching an all-time low in April 2022....
Persistent link: https://www.econbiz.de/10013285915
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What matters in households' inflation expectations?
Andrade, Philippe; Gautier, Erwan; Mengus, Eric - 2020 - This version: December 2020
We provide evidence that households discretize their inflation expectations so that what matters for durable consumption decisions is the broad inflation regime they expect. Using survey data, we document that a large share of the adjustment in the average inflation expectation comes from the...
Persistent link: https://www.econbiz.de/10012429199
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Households' probabilistic inflation expectations in high-inflation regimes
Becker, Christoph; Dürsch, Peter; Eife, Thomas A.; … - 2023
household surveys use a response scale that is tailored towards low-inflation regimes. Using data from a randomized controlled …
Persistent link: https://www.econbiz.de/10014472800
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Households' probabilistic inflation expectations in high-inflation regimes
Becker, Christoph; Dürsch, Peter; Eife, Thomas A.; … - 2023
only a coarse picture of inflation beliefs further away from zero. Using data from the Bundesbank household panel, we show …
Persistent link: https://www.econbiz.de/10013483001
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Expectations as a source of macroeconomic persistence : an exploration of firms' and households' expectation formation
Fuhrer, Jeffrey C. - 2015 - This version: May 18, 2015
This paper examines the expectations behavior of individual responses in the surveys of the Survey of Professional Forecasters and the University of Michigan's Survey Research Center. The paper finds that respondents consistently revise their forecasts of inflation, unemployment, and other key...
Persistent link: https://www.econbiz.de/10011279773
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Inflationary household uncertainty shocks
Ambrocio, Gene - 2022
I construct a novel measure of household uncertainty based on survey data for European countries. I show that household … uncertainty shocks do not universally behave like negative demand shocks. Notably, household uncertainty shocks are largely … average markups along with monetary policy play a role in the transmission of household uncertainty to inflation. These …
Persistent link: https://www.econbiz.de/10012818726
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Managing households' expectations with unconventional policies
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2021
Binding lower bounds on interest rates and large government deficits limit the scope of fiscal and monetary policies to stimulate households' spending through financial intermediaries and firms. Policymakers have thus been implementing unconventional policies that aim to increase households'...
Persistent link: https://www.econbiz.de/10012490917
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Consumption categories, household attention, and inflation expectations : implications for optimal monetary policy
Dietrich, Alexander M. - 2023
expectations for disaggregated consumption categories, I find household expectations are disproportionately driven by beliefs about …
Persistent link: https://www.econbiz.de/10014284065