Narrow search
Showing 1 - 7 of 7
Cover Image
Monetary Policy Communications and their Effects on Household Inflation Expectations
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2019
We study how different forms of communication influence the inflation expectations of individuals in a randomized …
Persistent link: https://www.econbiz.de/10012018155
Cover Image
Long persuasion games
Forges, Françoise; Koessler, Frédéric - 2006
This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
Persistent link: https://www.econbiz.de/10010273734
Cover Image
Forward Guidance and Household Expectations
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2020
We compare the causal effects of forward guidance communication about future interest rates on households' expectations … of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized …
Persistent link: https://www.econbiz.de/10012180172
Cover Image
Forward Guidance and Household Expectations
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2020
We compare the causal effects of forward guidance communication about future interest rates on households' expectations … of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized …
Persistent link: https://www.econbiz.de/10012207883
Cover Image
The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications
Weber, Michael; D’Acunto, Francesco; Gorodnichenko, Yuriy - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
Cover Image
Does central bank communication really lead to better forecasts of policy decisions? New evidence based on a Taylor rule model for the ECB
Sturm, Jan-Egbert; Haan, Jakob de - 2009
central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President's introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …
Persistent link: https://www.econbiz.de/10010285832
Cover Image
Does money matter in the ECB strategy? New evidence based on ECB communication
Berger, Helge; Haan, Jakob de; Sturm, Jan-Egbert - 2006
We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy...
Persistent link: https://www.econbiz.de/10010285913