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households using data from the Household Finance and Consumption Survey (HFCS). The capital gains from bond price and equity … price increases turn out to be concentrated among relatively few households, while the median household strongly benefits … from housing price increases. The capital gains from bond price increases (relative to household net wealth) do not …
Persistent link: https://www.econbiz.de/10011316626
household surveys use a response scale that is tailored towards low-inflation regimes. Using data from a randomized controlled …
Persistent link: https://www.econbiz.de/10014472800
Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy …
Persistent link: https://www.econbiz.de/10014504767
We use a representative online survey to investigate the inflation expectations of German consumers and the credibility of the ECB's inflation target during the recent high inflation period. We find that credibility has trended downwards since summer 2021, reaching an all-time low in April 2022....
Persistent link: https://www.econbiz.de/10013285915
In this paper we analyze how consumers in Germany updated expectations about in aflation in response to the COVID-19 outbreak. We use a fixed effects model to estimate the effect of regional exposure to COVID-19 cases, the stringency of restriction measures and local unemployment rates on...
Persistent link: https://www.econbiz.de/10014227597
. Our results show that household perceptions about past inflation drive their expectations about future inflation rates …
Persistent link: https://www.econbiz.de/10014320795