2002
DOI: 10.1093/cep/20.2.122
|View full text |Cite
|
Sign up to set email alerts
|

Consumers' Inflation Expectations and Monetary Policy in Europe

Abstract: This article analyses the effects of monetary policy decisions on inflation expectations of European consumers. Using a novel approach, I convert qualitative survey responses of consumers in various European countries into a quantitative time series of inflation expectations. I investigate the effects of unanticipated movements in interest rates and inflation on inflation expectations across European countries. I inter alia seek to explore whether the reaction differs of consumers in countries with more credib… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

0
26
0

Year Published

2006
2006
2021
2021

Publication Types

Select...
6
1

Relationship

0
7

Authors

Journals

citations
Cited by 25 publications
(26 citation statements)
references
References 66 publications
0
26
0
Order By: Relevance
“…Fresh 6 See, for example, Sims (1980Sims ( , 1992, Bernanke and Mihov (1998), Christiano, Eichenbaum and Evans (1999), and Leduc et al (2007). As for applications to Japan, see Bayoumi (2001) and Miyao (2002).…”
Section: Methodsmentioning
confidence: 99%
See 2 more Smart Citations
“…Fresh 6 See, for example, Sims (1980Sims ( , 1992, Bernanke and Mihov (1998), Christiano, Eichenbaum and Evans (1999), and Leduc et al (2007). As for applications to Japan, see Bayoumi (2001) and Miyao (2002).…”
Section: Methodsmentioning
confidence: 99%
“…This method assumes that respondents report a variable to rise or fall if their evaluation lies above or below a certain threshold; their answers are symmetric and normally distributed; and 1 How to measure inflation expectations is beyond the scope of this paper. See Carlson and Parkin (1975), Toyoda (1987), Kariya (1990), Berk (2000), and Pesaran and Weale (2006), chap. 14 for details of the methods used to transform qualitative survey data into quantitative estimates.…”
Section: Overview Of Inflation Expectationsmentioning
confidence: 99%
See 1 more Smart Citation
“…11 Simmons and Weiserbs (1992) and Berk ( , 2002 use this approach. 12 See Deutsche Bundesbank (2002Bundesbank ( , 2004.…”
Section: Notesmentioning
confidence: 99%
“…Early contributions are by Carlson and Parkin (1975) and Batchelor and Orr (1988). More recent contributions are by Reckwerth (1997), Berk (1999Berk ( , 2000, Gerberding (2001), Forsells and Kenny (2004) and Paloviita (2004). The main idea is to interpret the share of responses to each category as estimates of areas under the density function of aggregate inflation expectations (i.e.…”
Section: …Don't Know"mentioning
confidence: 99%