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 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. Copyright 2002 Western Economic Association International.
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Volume (Year): 20 (2002)
Issue (Month): 2 (04)
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- Alesina, Alberto & Summers, Lawrence H, 1993. "Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(2), pages 151-62, May.
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- Ignazio Angeloni, 2010.
"Monetary Policy and Risk Taking,"
- Balcombe, Kelvin, 1996. "The Carlson-Parkin method applied to NZ price expectations using QSBO survey data," Economics Letters, Elsevier, vol. 51(1), pages 51-57, April.
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