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inflation expectations of firms and households. Our results reveal that the link between reporting about inflation and changes … in inflation expectations is time-dependent. During periods of intensive newspaper coverage of inflation developments, a … correlation with inflation expectations emerges that does not exist at other times. Such correlations are evident after the …
Persistent link: https://www.econbiz.de/10014317116
This paper investigates the effects of inflation news coverage on market-based inflation expectations and outcomes in … regarding specific topics, exerts a significant influence on inflation compensation, expectations, and risk premiums. We observe … contributes to the understanding of media influence on financial markets, specifically in shaping inflation expectations. …
Persistent link: https://www.econbiz.de/10014376052
This paper investigates the effects of inflation news coverage on market-based inflation expectations and outcomes in … regarding specific topics, exerts a significant influence on inflation compensation, expectations, and risk premiums. We observe … contributes to the understanding of media influence on financial markets, specifically in shaping inflation expectations. …
Persistent link: https://www.econbiz.de/10014374818
inflation expectations of firms and households. Our results reveal that the link between reporting about inflation and changes … in inflation expectations is time-dependent. During periods of intensive newspaper coverage of inflation developments, a … correlation with inflation expectations emerges that does not exist at other times. Such correlations are evident after the …
Persistent link: https://www.econbiz.de/10014316793
frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many … previously unexploited monthly and real-time measures of inflation expectations. These higher frequency measures tend to … that there are benefits to using higher frequency measures of inflation expectations. Out of sample forecasts confirm the …
Persistent link: https://www.econbiz.de/10009647457
long-run price stability depends critically on expectations about labor market tightness. Using a variety of cross …
Persistent link: https://www.econbiz.de/10014501075
narratives in aggregate macroeconomic expectations. Using Granger causality tests and local projections, we provide empirical … evidence on the dynamics between inflation narratives and inflation expectations. Moreover, the paper highlights the vast … heterogeneity across shortterm and mid-term inflation expectations as well as socioeconomic groups. …
Persistent link: https://www.econbiz.de/10015149614
to unemployment over the last decade is a result of firmly anchored inflation expectations. …
Persistent link: https://www.econbiz.de/10014285749
This paper documents that individuals' expectations about macroeconomic outcomes are systematically linked with the … experiences of these macroeconomic outcomes they have made during life. Focusing on expectations about national inflation … variables over the respondents' lifetime, respectively. I find that experience significantly predicts respondents' expectations …
Persistent link: https://www.econbiz.de/10012141887
Consumers' inflation expectations play a key role in the monetary transmission mechanism. As such, it is crucial for … expectations. These include the apparent overestimation of inflation by consumers as well as the negative correlation observed … between the economic outlook and inflation expectations. We also show that the uncertainty framework fits with some of the …
Persistent link: https://www.econbiz.de/10013272133