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By comparing the Bundesbank's BOP-HH and the ECB's CES-ECB household panel surveys focusing on inflation perceptions … selection bias stemming from (i) individuals' willingness to participate in a household panel, and (ii) the 'learning effect … during the high-inflation period of 2022. Additionally, we observe notable variation in means, medians, and variances across …
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We provide a new perspective on disagreement in inflation expectations by examining the full probability distributions … of UK consumer inflation forecasts based on an adaptive bootstrap multimodality test. Furthermore, we compare the … inflation forecasts of the Bank of England's Monetary Policy Committee (MPC) with those of UK consumers, for which we use data …
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. -- CPI inflation ; consumers' inflation expectations ; household surveys ; consumer surveys ; consumer confidence surveys …This paper introduces an indicator of consumers' inflation expectations based on data from the National Consumer … Confidence Survey of Mexico (ENCO, in Spanish), and tests its predictive power over CPI inflation and other measures of inflation …
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This paper analyses the determinants of short-term inflation expectations based on surveys of professionals, using … dynamic cross-country panel estimation for a large number of 34 OECD economies. We find that food consumer price inflation and … depreciations of the domestic exchange rate have significant positive effects on professionals' survey-based inflation expectations …
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We study the effects of professionals’ survey-based inflation expectations on inflation for a large number of 36 OECD … economies, using dynamic cross-country panel estimation of New-Keynesian Phillips curves. We find that inflation expectations … have a significantly positive effect on inflation. We also find that the effect of inflation expectations on inflation is …
Persistent link: https://www.econbiz.de/10012697141
The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed … economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded … target levels. We find that the cause of accelerating inflation was an imbalance between aggregate demand, which started to …
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