Showing 1 - 10 of 1,550
's ability to form realistic inflation expectations …
Persistent link: https://www.econbiz.de/10013132595
that long-term inflation expectations have been well anchored in the three economies, irrespective of whether forward …
Persistent link: https://www.econbiz.de/10013316309
's ability to form realistic inflation expectations. …
Persistent link: https://www.econbiz.de/10011605311
This paper proposes a tractable New Keynesian (NK) economy with endogenous adjustment in product quality that nests the canonical framework. Endogenous quality choice reduces the slope of the traditional NK Phillips curve and amplifies the economy’s response to productivity shocks. This leads...
Persistent link: https://www.econbiz.de/10014080687
central banks should be viewed as following Calvo-type inflation-forecast-based (IFB) interest rate rules which depend on a … discounted sum of current and future rates of inflation. Such rules might be regarded as both within the legal frameworks, and …
Persistent link: https://www.econbiz.de/10013317573
. One major aim of this outreach is to guide inflation expectations; another is to ensure accountability and create trust … on the extent to which this new outreach does in fact affect inflation expectations and trust. On balance, we see some …
Persistent link: https://www.econbiz.de/10014079351
The paper analyses the anchoring of inflation expectations of professional forecasters and consumers in the euro area … impact of the ECB inflation target and ECB inflation projections on inflation expectations. Our analysis indicates that … longer-term inflation forecasts have become somewhat more sensitive to shorter-term forecasts and to actual HICP inflation in …
Persistent link: https://www.econbiz.de/10012984302
Inflation targeting is implemented in different ways – most often by adopting point targets, by having tolerance bands … target types affect the anchoring of inflation expectations at shorter horizons differently. It tests two contradictory …. This suggests that there are some benefits to adopting intervals, but the central bank can anchor inflation expectations …
Persistent link: https://www.econbiz.de/10013225749
This paper examines whether central bank communication stabilises euro area inflation expectations through the … communication on the information demand of the public and ultimately on inflation expectations. Overall, this study shows that … website attention, as captured by search volumes of visitors, influences euro area inflation expectations. We find that …
Persistent link: https://www.econbiz.de/10013227730
is derived from policy-makers' preferences about inflation outcomes, we first show that downside risks to price stability … future inflation can provide insurance against the materialization of such upside risks …
Persistent link: https://www.econbiz.de/10013077685