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Using the ECB Consumer Expectations Survey, this paper investigates how consumers revise medium-term inflation expectations. We provide robust evidence of their adjustment to the current economic developments. In particular, consumers adjust medium-term inflation views in response to changes in...
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This paper analyses the results from a new monthly survey of consumers’ euro area inflation expectations before and … during the pandemic. We find that consumers’ longterm euro area inflation expectations have remained elevated above the ECB … pandemic consumers’ long-term euro area inflation expectations have been de-anchored on the upside rather than on the downside …
Persistent link: https://www.econbiz.de/10013223824
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the euro area. Our results support the hypothesis of Campbell and Cocco (2003) that the decision is best described as one …
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We study how consumers assess the effects of monetary policy shocks in euro area countries using survey data. Our …
Persistent link: https://www.econbiz.de/10013312199
We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … main findings are: (i) durables react faster and more strongly than nondurables after monetary shocks in the euro area and …
Persistent link: https://www.econbiz.de/10013315322
This paper uses survey data to assess consumers' inflation expectations in the euro area. The probability approach is …
Persistent link: https://www.econbiz.de/10013320224
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