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We study how different forms of communication influence the inflation expectations of individuals in a randomized …
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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/10012177886
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/10012171803
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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/10013271201