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We study the link between expected inflation and wages using novel panel data from German firms and employees. We find … that pass-through - the percentage point change in wage growth given a one percentage point change in expected inflation … extensive margin, expected inflation has little effect on additional wage negotiations. …
Persistent link: https://www.econbiz.de/10015053872
We study the link between expected inflation and wages using novel panel data from German firms and employees. We find … that pass-through—the percentage point change in wage growth given a one percentage point change in expected inflation … margin, expected inflation has little effect on additional wage negotiations. …
Persistent link: https://www.econbiz.de/10015061156
account middle-inflation overestimate the impact of financial expectations. …
Persistent link: https://www.econbiz.de/10012180406
Persistent link: https://www.econbiz.de/10012116506
Persistent link: https://www.econbiz.de/10012267207
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We assess empirically whether monetary policy announcements impact firm expectations. Two features of our data set are key. First, we rely on a survey of production and price expectations of German firms, that is, expectations of actual price setters. Second, we observe the day on which firms...
Persistent link: https://www.econbiz.de/10012159806
Persistent link: https://www.econbiz.de/10012041817
We study whether firms' expectations react to the Bank of England's monetary policy announcements by comparing the responses to the Decision Maker Panel (DMP) survey filed immediately before and after a Monetary Policy Committee (MPC) meeting. On the one hand, we find that firms' expectations...
Persistent link: https://www.econbiz.de/10014233608
We provide new evidence on how ECB's monetary policy decisions affect firms' bank loan expectations in the euro area. We use firm-level data derived from the ECB Survey on the Access to Finance of Enterprises for the period 2009 to 2022 and identify the impact of monetary policy by comparing the...
Persistent link: https://www.econbiz.de/10014362639