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Quantification and characteristics of household inflation expectations in Switzerland
Rosenblatt-Wisch, Rina; Scheufele, Rolf - In: Applied economics 47 (2015) 25/27, pp. 2699-2716
Persistent link: https://www.econbiz.de/10010519624
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Quantification and characteristics of household inflation expectations in Switzerland
Rosenblatt-Wisch, Rina; Scheufele, Rolf - 2014
Inflation expectations are a key variable in conducting monetary policy. However, these expectations are generally unobservable and only certain proxy variables exist, such as surveys on inflation expectations. This paper offers guidance on the appropriate quantification of household inflation...
Persistent link: https://www.econbiz.de/10010495242
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Disagreement in expectations and the credibility of monetary authorities in the Brazilian inflation targeting regime
Vereda, Luciano; Curi, Alexandre - In: Economia : revista da ANPEC 17 (2016) 1, pp. 56-76
investigates the driving factors of disagreement, paying special attention to the influence of monetary authorities' credibility …' credibility; this relationship is positive in the case of the growth rate of industrial production. …
Persistent link: https://www.econbiz.de/10011865624
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Internet Search Behavior as an Economic Forecasting Tool : The Case of Inflation Expectations
Guzman, Giselle - 2012
This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation Search Index (GISI) is assessed relative to 37 other...
Persistent link: https://www.econbiz.de/10014172981
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Inflation perception and the formation of inflation expectations
Schmidt, Torsten; Müller, Henrik; Rieger, Jonas; … - 2023
In this paper, we present a new indicator to measure the media coverage of inflation. Our Inflation Perception Indicator (IPI) for Germany is based on a corpus of three million articles published by broadsheet newspapers between January 2001 and November 2022. It is designed to detect thematic...
Persistent link: https://www.econbiz.de/10014316793
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An Inflation Expectations Horserace
Guzman, Giselle - 2012
For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the Michigan Survey. While these measures have been useful in developing models of forecasting inflation, the data are low frequency...
Persistent link: https://www.econbiz.de/10013110892
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Estimating Information Rigidity using Firms’ Survey Data
Carrera, César - Banco Central de Reserva del Perú - 2012
The slope of the sticky information Phillips curve proposed by Mankiw and Reis (2002) is based on the degree of information rigidity on the part of firms. Carroll (2003) uses an epidemiology model of expectations and finds evidence for the U.S. of a one-year lag in the transmission of...
Persistent link: https://www.econbiz.de/10009416221
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A Naïve Sticky Information Model of Households’ Inflation Expectations
Lanne, Markku; Luoma, Arto; Luoto, Jani - Volkswirtschaftliche Fakultät, … - 2008
This paper provides a simple epidemiology model where households, when forming their inflation expectations, rationally adopt the past release of inflation with certain probability rather than the forward-looking newspaper forecast as suggested in Carroll [2003, Macroeconomic Expectations of...
Persistent link: https://www.econbiz.de/10005789861
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Inflation expectations, inflation target credibility and the COVID-19 pandemic : new evidence from Germany
Coleman, Winnie; Nautz, Dieter - 2021
citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … target. Our results indicate that credibility has decreased in our sample period, particularly in the course of the deep … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …
Persistent link: https://www.econbiz.de/10012590362
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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 …
Persistent link: https://www.econbiz.de/10013285915