Showing 161 - 170 of 192,744
This study investigates gender disparities in inflation expectations in India using data from the Reserve Bank of India …’s Households’ Inflation Expectations Survey (March 2011 to September 2022). To determine these differences, the authors analyze the … assess the average inflation expectations disparities between genders. The results demonstrate a significant relationship …
Persistent link: https://www.econbiz.de/10014260411
This paper explores communication strategies for anchoring households' mediumterm inflation expectations in a high … inflation environment. We conducted a survey experiment with a representative sample of 4,000 German households at the height of … the recent inflation surge in early 2023, with information treatments including a qualitative statement by the ECB …
Persistent link: https://www.econbiz.de/10014521156
separate inclusion of a labor market in the model helps to anchor inflation even in a situation of adaptive expectations, a … positive output gap and inflation above target. The estimation results show that the adaptive learning model does a better job … and inflation far above the central bank target. …
Persistent link: https://www.econbiz.de/10015055065
relationship between uncertainty of inflation persistence and optimal monetary policy and discusses the consequences of the recent … Blanchard proposal to implement a higher inflation target in the light of parameter uncertainty. Furthermore, it provides …
Persistent link: https://www.econbiz.de/10013142495
affects the relation between nominal interest rates, inflation expectations, and real interest rates. The benchmark parameters … include stronger inflation targeting and more active monetary policy …
Persistent link: https://www.econbiz.de/10013095886
The present paper uses survey data on expected consumer price developments to analyse the role of inflation … expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short …
Persistent link: https://www.econbiz.de/10001782903
that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central … bank precommits by setting the policy instrument, and the subsequent adjustment of inflation expectations is part of the … transmission mechanism. Generally there is still an inflation bias, despite the absence of a time-inconsistency problem. It is …
Persistent link: https://www.econbiz.de/10001612960
inflation expectations in real time. In a large-scale, multi-wave randomized controlled trial (RCT), we find weak evidence that … communicating these policy changes lowers consumers medium-term inflation expectations on average. However, information differs … inflationary environment, these consumers expect that raising interest rates will lower inflation. More generally, our results …
Persistent link: https://www.econbiz.de/10015078324
We analyze the determinants of average individual in ation uncertainty and disagreement based on data from the European Central Bank's Survey of Professional Forecasters. We empirically confirm the implication from a theoretical decomposition of in ation uncertainty that disagreement is an...
Persistent link: https://www.econbiz.de/10011453118
that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central … bank precommits by setting the policy instrument, and the subsequent adjustment of inflation expectations is part of the … transmission mechanism. Generally there is still an inflation bias, despite the absence of a time-inconsistency problem. It is …
Persistent link: https://www.econbiz.de/10011419400