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The Consumer Expectations Survey (CES) is an important new tool for analysing euro area household economic behaviour … coronavirus (COVID-19) pandemic, the CES has been used to gather useful information on the impact of the crisis on the household …
Persistent link: https://www.econbiz.de/10012703193
Using the exact wording of the ECB's definition of price-stability, we started a representative online survey of German 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...
Persistent link: https://www.econbiz.de/10012661961
This paper investigates the effects of media coverage and macroeconomic conditions on inflation forecast disagreement … inflation affects forecast disagreement by influencing information sets as well as predictor choice. Our empirical results show … and professionals primarily depends on the current rate of inflation. -- forecast disagreement ; inflation expectations …
Persistent link: https://www.econbiz.de/10003908680
bring to bear information on inflation expectations from surveys, which allow us to distinguish changes in the sensitivity …
Persistent link: https://www.econbiz.de/10012016213
We use randomized controlled trials in the US, UK, and Brazil to examine the causal effect of public debt on household …
Persistent link: https://www.econbiz.de/10014355804
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...
Persistent link: https://www.econbiz.de/10010526685
How do global political shocks influence individuals' expectations about economic outcomes? We run a unique survey on inflation expectations among 145 tenured economics professors in Germany and exploit the 2022 Russian invasion in Ukraine as a natural experiment to identify the effect of a...
Persistent link: https://www.econbiz.de/10013167248
After the financial crisis of 2008, central banks around the world have increased their communication efforts to reach consumers, with the aim of both guiding and anchoring their inflation expectations. For the expectations channel of monetary policy to work as intended, central banks need a...
Persistent link: https://www.econbiz.de/10014383922
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
After the financial crisis of 2008, central banks around the world have increased their communication efforts to reach consumers, with the aim of both guiding and anchoring their inflation expectations. For the expectations channel of monetary policy to work as intended, central banks need a...
Persistent link: https://www.econbiz.de/10014416136