Inflation expectations, inflation target credibility and the COVID-19 pandemic: new evidence from Germany
Using the exact wording of the ECB's definition of price-stability, we started a representative online survey of German citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation target. Our results indicate that credibility has de...
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| Hauptverfasser: | , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Berlin
Freie Universität Berlin
July 2, 2021
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| Schriftenreihe: | Discussion paper / Freie Universität Berlin, School of Business & Economics Economics
2021, 12 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Using the exact wording of the ECB's definition of price-stability, we started a representative online survey of German citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation target. Our results indicate that credibility has decreased in our sample period, particularly in the course of the deep recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2% over the medium term. We investigate how inflation expectations and the impact of the pandemic depend on personal characteristics including age, gender, education, income, and political attitude |
| Beschreibung: | 1 Online-Ressource (20 Seiten) Diagramme |
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| 490 | 1 | |a Discussion paper / Freie Universität Berlin, School of Business & Economics |v 2021, 12 |a Economics | |
| 520 | 3 | |a Using the exact wording of the ECB's definition of price-stability, we started a representative online survey of German citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation target. Our results indicate that credibility has decreased in our sample period, particularly in the course of the deep recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2% over the medium term. We investigate how inflation expectations and the impact of the pandemic depend on personal characteristics including age, gender, education, income, and political attitude | |
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| spelling | Coleman, Winnie (DE-588)1271644126 aut Inflation expectations, inflation target credibility and the COVID-19 pandemic new evidence from Germany Winnie Coleman and Dieter Nautz (Freie Universität Berlin, Department of Economics) Berlin Freie Universität Berlin July 2, 2021 1 Online-Ressource (20 Seiten) Diagramme txt rdacontent c rdamedia cr rdacarrier Discussion paper / Freie Universität Berlin, School of Business & Economics 2021, 12 Economics Using the exact wording of the ECB's definition of price-stability, we started a representative online survey of German citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation target. Our results indicate that credibility has decreased in our sample period, particularly in the course of the deep recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2% over the medium term. We investigate how inflation expectations and the impact of the pandemic depend on personal characteristics including age, gender, education, income, and political attitude Credibility of Inflation Targets Household Inflation Expectations Expectation Formation Online Surveys Covid-19 Pandemic Preisstabilität (DE-588)4047126-3 gnd rswk-swf COVID-19 (DE-588)1206347392 gnd rswk-swf Erwartung (DE-588)4015434-8 gnd rswk-swf Inflation (DE-588)4026887-1 gnd rswk-swf Pandemie (DE-588)4737034-8 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Deutschland (DE-588)4011882-4 g Preisstabilität (DE-588)4047126-3 s Inflation (DE-588)4026887-1 s Erwartung (DE-588)4015434-8 s COVID-19 (DE-588)1206347392 s Pandemie (DE-588)4737034-8 s DE-188 Nautz, Dieter (DE-588)132839539 aut Freie Universität Berlin, School of Business & Economics Discussion paper 2021, 12 : Economics (DE-604)BV026641400 2021,12 https://refubium.fu-berlin.de/handle/fub188/31369 Resolving-System kostenfrei Volltext |
| spellingShingle | Coleman, Winnie Nautz, Dieter Inflation expectations, inflation target credibility and the COVID-19 pandemic new evidence from Germany Credibility of Inflation Targets Household Inflation Expectations Expectation Formation Online Surveys Covid-19 Pandemic Preisstabilität (DE-588)4047126-3 gnd COVID-19 (DE-588)1206347392 gnd Erwartung (DE-588)4015434-8 gnd Inflation (DE-588)4026887-1 gnd Pandemie (DE-588)4737034-8 gnd |
| subject_GND | (DE-588)4047126-3 (DE-588)1206347392 (DE-588)4015434-8 (DE-588)4026887-1 (DE-588)4737034-8 (DE-588)4011882-4 |
| title | Inflation expectations, inflation target credibility and the COVID-19 pandemic new evidence from Germany |
| title_auth | Inflation expectations, inflation target credibility and the COVID-19 pandemic new evidence from Germany |
| title_exact_search | Inflation expectations, inflation target credibility and the COVID-19 pandemic new evidence from Germany |
| title_exact_search_txtP | Inflation expectations, inflation target credibility and the COVID-19 pandemic new evidence from Germany |
| title_full | Inflation expectations, inflation target credibility and the COVID-19 pandemic new evidence from Germany Winnie Coleman and Dieter Nautz (Freie Universität Berlin, Department of Economics) |
| title_fullStr | Inflation expectations, inflation target credibility and the COVID-19 pandemic new evidence from Germany Winnie Coleman and Dieter Nautz (Freie Universität Berlin, Department of Economics) |
| title_full_unstemmed | Inflation expectations, inflation target credibility and the COVID-19 pandemic new evidence from Germany Winnie Coleman and Dieter Nautz (Freie Universität Berlin, Department of Economics) |
| title_short | Inflation expectations, inflation target credibility and the COVID-19 pandemic |
| title_sort | inflation expectations inflation target credibility and the covid 19 pandemic new evidence from germany |
| title_sub | new evidence from Germany |
| topic | Credibility of Inflation Targets Household Inflation Expectations Expectation Formation Online Surveys Covid-19 Pandemic Preisstabilität (DE-588)4047126-3 gnd COVID-19 (DE-588)1206347392 gnd Erwartung (DE-588)4015434-8 gnd Inflation (DE-588)4026887-1 gnd Pandemie (DE-588)4737034-8 gnd |
| topic_facet | Credibility of Inflation Targets Household Inflation Expectations Expectation Formation Online Surveys Covid-19 Pandemic Preisstabilität COVID-19 Erwartung Inflation Pandemie Deutschland |
| url | https://refubium.fu-berlin.de/handle/fub188/31369 |
| volume_link | (DE-604)BV026641400 |
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