This paper is the first attempt to investigate the performance of different learning rules in fitting survey data of household and expert inflation expectations in five core European economies (France, Germany, Italy, Netherlands and Spain). Overall it is found that constant gain learning...

Inflation expectations are often found to depend on socioeconomic and demographic characteristics of households, such as age, income and education, however, the reasons for this systematic heterogeneity are not yet fully understood. Since accounting for these expectation differentials could help...

Inflation expectations are often found to depend on socioeconomic and demographic characteristics of households, such as age, income and education, however, the reasons for this systematic heterogeneity are not yet fully understood. Since accounting for these expectation differentials could help...

Die Europäische Zentralbank hat erstmals in der europäischen Geschichte den Leitzins auf null Prozent gesenkt. Diese überraschende Entscheidung wurde am 10.03.2016 in den Medien verbreitet. Der Report wurde verfasst vor dem Hintergrund der aktuellen Diskussion um die Niedrigzinsphase und den...

Staaten versinken im Schuldensumpf, Sparer werden mit Negativzinsen enteignet, Volksparteien verlieren dramatisch an Zustimmung. Die Symptome sprechen eine beunruhigende Sprache. Stehen wir vor einem sogenannten perfekten Sturm, bei dem verschiedene Komponenten ungünstig zusammentreffen und...