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There is a growing interest in studying the disagreement of economic agents. Most studies, however, focus on the … disagreement regarding one specific variable, hereby neglecting that disagreement may be comoving with disagreement on other … variables. In this paper we explore to which extent disagreement regarding the interest rate is driven by disagreement on …
Persistent link: https://www.econbiz.de/10010526685
There is a growing interest in studying the disagreement of economic agents. Most studies, however, focus on the … disagreement regarding one specific variable, hereby neglecting that disagreement may be comoving with disagreement on other … variables. In this paper we explore to which extent disagreement regarding the interest rate is driven by disagreement on …
Persistent link: https://www.econbiz.de/10010504015
There is a growing interest in studying the disagreement of economic agents. Most studies, however, focus on the … disagreement regarding one specific variable, hereby neglecting that disagreement may be comoving with disagreement on other … variables. In this paper we explore to which extent disagreement regarding the interest rate is driven by disagreement on …
Persistent link: https://www.econbiz.de/10011307785
There is a growing interest in studying the disagreement of economic agents. Most studies, however, focus on the … disagreement regarding one specific variable, hereby neglecting that disagreement may be comoving with disagreement on other … variables. In this paper we explore to which extent disagreement regarding the interest rate is driven by disagreement on …
Persistent link: https://www.econbiz.de/10011265719
There is a growing interest in studying the disagreement of economic agents. Most studies, however, focus on the … disagreement regarding one specific variable, hereby neglecting that disagreement may be comoving with disagreement on other … variables. In this paper we explore to which extent disagreement regarding the interest rate is driven by disagreement on …
Persistent link: https://www.econbiz.de/10011240544
In this paper we explore the degree of anchoring of inflation expectations of consumers by analysing the comovement in short- and long-run expectations. If inflation expectations are firmly anchored, a transitory shock should influence the short-run inflation expectations but not effect long-run...
Persistent link: https://www.econbiz.de/10010340566
There is a growing interest in studying the disagreement of economic agents. Most studies, however, focus on the … disagreement regarding one specific variable, hereby neglecting that disagreement may be co-moving with disagreement on other … variables. In this paper we explore to which extent disagreement regarding the interest rate is driven by disagreement on …
Persistent link: https://www.econbiz.de/10013023852
We explore the consequences of losing confidence in the price-stability objective of central banks by quantifying the inflation and deflationary biases in inflation expectations. In a model with an occasionally binding zero-lower-bound constraint, we show that an inflation bias as well as a...
Persistent link: https://www.econbiz.de/10012181222
We explore the consequences of losing confidence in the price-stability objective of central banks by quantifying the inflation and deflationary biases in inflation expectations. In a model with an occasionally binding zero-lower-bound constraint, we show that an inflation bias as well as a...
Persistent link: https://www.econbiz.de/10012317310
Persistent link: https://www.econbiz.de/10010425203