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  1. The role of information and experience for households' inflation expectations
    Autor*in: Conrad, Christian; Enders, Zeno; Glas, Alexander
    Erschienen: [2021]
    Verlag:  Deutsche Bundesbank, Frankfurt am Main

    Based on a new survey of German households, we investigate the role that information channels and lifetime experience play in households' inflation expectations. We show that the types of information channels that households use to inform themselves... mehr

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    Standort:
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
    Fernleihe:
    keine Fernleihe

    Standort:
    HeiBIB - Die Heidelberger Universitätsbibliographie
    Fernleihe:
    keine Fernleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 12
    Fernleihe:
    keine Fernleihe

     

    Based on a new survey of German households, we investigate the role that information channels and lifetime experience play in households' inflation expectations. We show that the types of information channels that households use to inform themselves about monetary policy are closely related to their socioeconomic characteristics. These information channels, in turn, have a major influence on the level of perceived past and expected future inflation, as well as on the uncertainty thereof. The expected future change in inflation and the unemployment rate, however, is strongly influenced by individual experience of these variables. Similarly, the expected response of inflation to a change in the interest rate is also shaped by experience. We propose the interpretation that households obtain inflation numbers from the media, but their 'economic model' is shaped by experience.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9783957298157
    Weitere Identifier:
    hdl: 10419/232070
    Schriftenreihe: Discussion paper / Deutsche Bundesbank ; no 2021, 07
    Schlagworte: Household expectations; inflation expectations; information channels; experience; Bundesbank household survey
    Umfang: 1 Online-Ressource (circa 33 Seiten), Illustrationen