Similar Search Results

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

Asymmetric inflation target credibility

Coleman, Winnie; Nautz, Dieter - 2025 - This version: January 2025

This paper investigates the determinants of inflation target credibility (ITC) using a unique survey we designed to measure the credibility of the ECB's inflation target. Containing over 200,000 responses from German consumers collected between January 2019 and November 2024, our dataset enables...

Persistent link: https://www.econbiz.de/10015173585

Understanding firms' inflation expectations using the Bank of Canada's Business Outlook Survey

Richards, Simon; Verstraete, Matthieu - 2016

Inflation expectations are a key determinant of actual and future inflation and thus matter for the conduct of monetary policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada's Business Outlook Survey, spanning the 2001 to 2015...

Persistent link: https://www.econbiz.de/10011540769

Understanding firms' inflation expectations using the Bank of Canada's Business Outlook Survey

Richards, Simon; Verstraete, Matthieu - 2016

Persistent link: https://www.econbiz.de/10011433529

Inflation expectations and risk premia in emerging bond markets: evidence from Mexico

Beauregard, Remy; Christensen, Jens H. E.; Fischer, Eric; … - 2021

To study inflation expectations and associated risk premia in emerging bond markets, this paper provides estimates for Mexico based on an arbitrage-free dynamic term structure model of nominal and real bond prices that accounts for their liquidity risk. In addition to documenting the existence...

Persistent link: https://www.econbiz.de/10012498145

Asymmetric inflation target credibility

Coleman, Winnie; Nautz, Dieter - 2025 - This version: March 2025

Persistent link: https://www.econbiz.de/10015361742

Disinflation and the Phillips Curve : Israel 1986-2015

Melnick, Rafi; Strohsal, Till - 2016

A Phillips Curve (PC) framework is utilized to study the challenging post-1985 disinflation process in Israel. The estimated PC is stable and has forecasting power. Based on endogenous structural break tests we find that actual and expected inflation are co-breaking. We argue that the step-like...

Persistent link: https://www.econbiz.de/10011544982

Looking through supply shocks versus controlling inflation expectations : understanding the Central Bank dilemma

Beaudry, Paul; Carter, Thomas J.; Lahiri, Amartya - 2022 - Last updated: September 20, 2022

Central banks in most advanced economies have reacted similarly to the increase in inflation that started in 2021. They initially looked through the rising inflation by leaving monetary policy relatively unchanged. Then, after inflation continued to increase, central banks pivoted by quickly...

Persistent link: https://www.econbiz.de/10013370504

The unemployment-inflation trade-off revisited : the Phillips curve in COVID times

Crump, Richard K.; Eusepi, Stefano; Giannoni, Marc Paolo; … - 2024

Using a New Keynesian Phillips curve, we document the rapid and persistent increase in the natural rate of unemployment … unemployment gaps. Through the lens of the model, the 2022-23 disinflation was driven by the expectation that the unemployment gap … will close through a progressive decline in 𝑢𝑡 ∗ and a rise in the unemployment rate. This implies that convergence to …

Persistent link: https://www.econbiz.de/10014501075

Breaking monetary policy news : the role of mass media coverage of ECB announcements for public inflation expectations

Hirsch, Patrick; Feld, Lars P.; Köhler, Ekkehard A. - 2023

Using the variation in national television news of four major member states in the Eurozone, we find causal effects of coverage of high-frequency identified monetary policy announcements on households' inflation expectations in an event study and a generalized Difference-in-Differences approach...

Persistent link: https://www.econbiz.de/10013550202