Showing 11 - 20 of 130,956
Persistent link: https://www.econbiz.de/10014440979
, households and firms in respect of Hungarian inflation trends. In countries where an inflation targeting regime is in place …, inflation expectations are of key importance from the perspective of monetary policy and play a significant role in central bank … decisionmaking and follow-up communication. The inflation expectations of economic agents are relevant for central banks for two main …
Persistent link: https://www.econbiz.de/10010437183
primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive … observing how they revise their expectations about future inflation as well as taxes and government spending. We find that … information about the current debt or deficit levels has little impact on inflation expectations but that news about future debt …
Persistent link: https://www.econbiz.de/10012437870
We implement a survey of Dutch households in which random subsets of respondents receive information about inflation …. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect … subsequent monthly consumption decisions relative to those in a control group. The causal effects of elevated inflation …
Persistent link: https://www.econbiz.de/10012056956
of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized … then provide 22 different forms of information regarding past, current and/or future inflation and interest rates … beyond one year do not have any additional impact on forecasts. Exogenous variation in inflation expectations transmits into …
Persistent link: https://www.econbiz.de/10012177886
primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive … observing how they revise their expectations about future inflation as well as taxes and government spending. We find that … information about the current debt or deficit levels has little impact on inflation expectations but that news about future debt …
Persistent link: https://www.econbiz.de/10012431761
We study how different forms of communication influence the inflation expectations of individuals in a randomized … controlled trial. We first solicit individuals' inflation expectations in the Nielsen Homescan panel and then provide eight … different forms of information regarding inflation. Reading the actual Federal Open Market Committee (FOMC) statement has about …
Persistent link: https://www.econbiz.de/10011958866
of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized … then provide 22 different forms of information regarding past, current and/or future inflation and interest rates … beyond one year do not have any additional impact on forecasts. Exogenous variation in inflation expectations transmits into …
Persistent link: https://www.econbiz.de/10012171803
coverage of high-frequency identified monetary policy announcements on households' inflation expectations in an event study and …, the adaptation of inflation expectations is stronger than without coverage. Second, we find that coverage of 'delphic … shocks lead to households lowering their inflation expectations, as opposed to coverage of a textbook, 'odyssean', monetary …
Persistent link: https://www.econbiz.de/10013550202
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 survey. We find nonresponses lead to substantial underrepresentation of …
Persistent link: https://www.econbiz.de/10014442324