Do Inflation Expectations Improve Model-based Inflation Forecasts? [PDF]
SSRN Electronic Journal, 2021 Those of professional forecasters do. For a wide range of time series models for the euro area and its member states we find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF and Consensus Economics compared to their counterparts that do not.
Bańbura, Marta +2 more
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Shaping Inflation Expectations in the Czech Economy: a Case of Financial Analysts and Corporate Managers [PDF]
Statistika: Statistics and Economy JournalInflation expectations play an important role in the transmission mechanism of inflation targeting in the context of the length and costs of the disinflationary process.
Martin Mandel, Jan Vejmělek
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The effect of interest rate and exchange rate on inflation targeting with heterogeneous inflation expectations approach [PDF]
مدلسازی اقتصادسنجی, 2020 The purpose of this study was to investigate the role of policy tools such as interest rate and exchange rate on inflation targeting in the form of new Keynesian model in terms of heterogeneity of economic agents' expectations.
Asghar Aboulhassani +2 more
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European Inflation Expectations Dynamics [PDF]
SSRN Electronic Journal, 2005 This paper investigates the relevance of the sticky information model of Mankiw and Reis (2002) and Carroll (2003) for four major European economies (France, Germany, Italy and the United Kingdom). As opposed to the benchmark rational expectation models, households in the sticky information environment update their expectations sporadically rather than
Slacalek, Jirka +3 more
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What Financial Markets in the CEE Region Tell Us about Inflation Expectations [PDF]
Statistika: Statistics and Economy JournalInflation expectations have become a significant concern for monetary policy settings in the CEE region due to the sharp rise in inflation. The absence of market-based inflation expectations complicates the assessment of anchoring inflation expectations ...
František Táborský
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The properties of inflation expectations: Evidence for India
EconomiA, 2018 Empirical inferences about particular forms of agents’ inflation expectations are crucial for the conduct of monetary policy. This paper is an attempt to explore the properties of the Reserve Bank of India’s survey data of households’ inflation ...
Naresh Kumar Sharma, Motilal Bicchal
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Do monetary policy credibility and disagreements in inflation and interest rate expectations affect business confidence? Evidence from an inflation targeting developing country [PDF]
Journal of Money and Business, 2023 Purpose – Business confidence is crucial to firm decisions, but it is deeply related to professional forecasters' expectations. Since Brazil is an important inflation targeting country, this paper investigates whether monetary policy credibility and ...
Gabriel Caldas Montes +1 more
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Are inflation expectations rational? [PDF]
Journal of Monetary Economics, 2008 Abstract Several recent papers report evidence of an apparent statistical bias in inflation expectations and interpret these findings as overturning the rational expectations hypothesis. In this paper, we investigate the validity of such an interpretation.
David Andolfatto +2 more
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The dynamics of survey-based household inflation expectations in India [PDF]
IIM Ranchi Journal of Management Studies, 2022 Purpose – The author analyzes households' inflation expectations data for India, collected quarterly by the RBI for more than a decade. The contribution of this paper lies in two folds.
Saakshi Jha
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Eurozone or national inflation projections: Which has greater impact on consumer expectations? [PDF]
Panoeconomicus, 2021 We compare the dependence of consumer inflation expectations on European Central Bank (ECB) inflation projections with that on national central bank (NCB) projections in four economies: Austria, Belgium, Finland, and Germany. We aim to assess whether the
Szyszko Magdalena, Tura-Gawron Karolina
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