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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 global political shock on expectations about national inflation rates. We find … favour an immediate reaction of monetary policy to the increased inflation, which gives further evidence of the shock being …
Persistent link: https://www.econbiz.de/10013167248
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 global political shock on expectations about national inflation rates. We find … an immediate reaction of monetary policy to the increased inflation, which gives further evidence of the shock being …
Persistent link: https://www.econbiz.de/10013173583
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 global political shock on expectations about national inflation rates. We find … an immediate reaction of monetary policy to the increased inflation, which gives further evidence of the shock being …
Persistent link: https://www.econbiz.de/10013177212
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 global political shock on expectations about national inflation rates. We find …
Persistent link: https://www.econbiz.de/10013266614
This paper studies the behaviors of uncertainty through the lens of several popular models of expectation formation. The full-information rational expectations model (FIRE) predicts that both the ex ante uncertainty and the variance of ex post forecast errors are equal to the conditional...
Persistent link: https://www.econbiz.de/10014475397
Russia's invasion of Ukraine is posing a range of new challenges to the global economy, including affecting the … the period from February 15th to March 29th, 2022. Treating the unanticipated start of the war in Ukraine on the 24 th of …
Persistent link: https://www.econbiz.de/10014227598
Based on a new survey of German households, we investigate the role of information channels and lifetime experience for households' inflation expectations. We show that the types of information channels that households use to inform themselves about monetary policy are closely related to their...
Persistent link: https://www.econbiz.de/10012264865
Based on a new survey of German households, we investigate the role of information channels and lifetime experience for households' inflation expectations. We show that the types of information channels that households use to inform themselves about monetary policy are closely related to their...
Persistent link: https://www.econbiz.de/10012271754
Inflation expectations are key to economic activity, and in the current economic climate of a heated labor market, they are central to the policy debate. At the same time, a growing literature on inattention suggests that individuals, and therefore individual behavior, may not be sensitive to...
Persistent link: https://www.econbiz.de/10012135707
This paper uses microdata from the Reserve Bank of New Zealand's Household Inflation Expectations survey to obtain an accurate read of households' true inflation expectations by studying how different demographic groups respond (or do not respond) to the inflation expectations question in the...
Persistent link: https://www.econbiz.de/10014442324