Dräger, Lena; Lamla, Michael J. - Fachbereich Sozialökonomie, Universität Hamburg - 2013
In this paper we explore the degree of anchoring of consumers’ long-run inflation expectations. If expectations are … possible determinants, we find that consumers’ rising interest rate expectations and perceived news on the monetary policy … stance have a detrimental effect on the anchoring of long-run expectations. This effect is no longer present in the post-1996 …