Showing 1 - 10 of 2,535
We examine partisan bias in inflation expectations. Our dataset includes inflation expectations of the New York Fed …'s Survey of Consumer Expectations over the period June 2013 to June 2018. The results show that inflation expectations were 0 …. Compared to inflation expectations in Democratic-dominated states, inflation expectations in Republican-dominated states …
Persistent link: https://www.econbiz.de/10012860297
estimating a smooth transition regression model with different inflation expectations regimes for five inflation targeting …) respectively over the period January 1993-August 2021. Both market and survey measures of inflation expectations are used as the … expectations of both consumers and producers are considered instead of expectations from consumer surveys only. Finally, inflation …
Persistent link: https://www.econbiz.de/10013306953
Using daily data on inflation-indexed bonds, we find evidence of a negative relationship between ECB communication … changes in euro area break-even inflation. However, this result is only found for the second half of 2005. At that time, the …
Persistent link: https://www.econbiz.de/10013316794
The Brexit vote precipitated the unravelling of the UK’s membership of the world’s deepest economic integration agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendum changed expectations about future UK-EU relations. Studying its...
Persistent link: https://www.econbiz.de/10013306955
measures of inflation expectations for five inflation targeting countries (UK, Canada, Australia, New Zealand, Sweden) over the … PPP. Moreover, inflation expectations play an important role, with survey-based ones having a more sizable effect than … fluctuations effectively. The inflation targeting framework might be especially appropriate for this purpose …
Persistent link: https://www.econbiz.de/10013243236
This paper investigates the heterogeneity of monetary policy transmission under time-varying disagreement regimes using a threshold VAR. Empirically, I establish that during times of high disagreement, prices respond more sluggishly in response to monetary shocks. These stickier prices cause a...
Persistent link: https://www.econbiz.de/10012858703
Inflation expectations are central to economics because they affect the effectiveness of fiscal and monetary policy as … well as realized inflation. We survey the recent literature with a focus on the inflation expectations of households. We … first review standard data sources and discuss their advantages and disadvantages. We then document that household inflation …
Persistent link: https://www.econbiz.de/10013298365
their heterogeneity. We exploit survey data on output and inflation expectations by individual professional forecasters. We …
Persistent link: https://www.econbiz.de/10012831652
We study the effects of forward-looking communication in an environment of rising inflation rates on German consumers …’ inflation expectations using a randomized control trial. We show that information about rising inflation increases short- and … long-term inflation expectations. This initial increase in expectations can be mitigated using forward-looking information …
Persistent link: https://www.econbiz.de/10014358863
Households participating in financial markets pay attention to inflation news when making their investment decisions …, even in an environment of mostly low and stable inflation. ETFs and open-ended mutual funds holding Treasury Inflation …-based inflation expectations measures increase. Changes in household survey expectations or in measures of inflation uncertainty do …
Persistent link: https://www.econbiz.de/10014241195