Consumers' inflation expectations and monetary policy in Europe.

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 effec...

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Publicado en:Contemporary Economic Policy Vol. 20; no. 2; pp. 122 - 133
Autor principal: Berk, Jan Marc
Formato: Artículo
Publicado: Wiley-Blackwell April 2002
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Consumers' inflation expectations and monetary policy in Europe.
      aug:
        au: Berk, Jan Marc
      su:
        European Central Bank
        Price inflation
        Economic expectations
        Monetary policy
        European Union countries
      sug:
        subj:
          European Union countries
          European Central Bank
          Price inflation
          Economic expectations
          Monetary policy
      ab: 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 credible central banks than those in less credible countries. (JEL C31, C32, E58) Reprinted by permission of the publisher.
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    language: English
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