IDEAS home Printed from https://ideas.repec.org/p/snb/snbwpa/2018-18.html
   My bibliography  Save this paper

The impact of guidance, short-term dynamics and individual characteristics on firms' long-term inflation expectations

Author

Listed:
  • Hans-Ueli Hunziker
  • Christian Raggi
  • Rina Rosenblatt-Wisch
  • Attilio Zanetti

Abstract

No abstract is available for this item.

Suggested Citation

  • Hans-Ueli Hunziker & Christian Raggi & Rina Rosenblatt-Wisch & Attilio Zanetti, 2018. "The impact of guidance, short-term dynamics and individual characteristics on firms' long-term inflation expectations," Working Papers 2018-18, Swiss National Bank.
  • Handle: RePEc:snb:snbwpa:2018-18
    as

    Download full text from publisher

    File URL: https://www.snb.ch/n/mmr/reference/working_paper_2018_18/source/working_paper_2018_18.n.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. repec:aea:aecrev:v:108:y:2018:i:9:p:2671-2713 is not listed on IDEAS
    2. Saten Kumar & Hassan Afrouzi & Olivier Coibion & Yuriy Gorodnichenko, 2015. "Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 46(2 (Fall)), pages 151-225.
    3. Aaron Mehrotra & James Yetman, 2018. "Decaying Expectations: What Inflation Forecasts Tell Us about the Anchoring of Inflation Expectations," International Journal of Central Banking, International Journal of Central Banking, vol. 14(5), pages 55-101, December.
    4. Olivier Coibion & Yuriy Gorodnichenko & Saten Kumar, 2018. "How Do Firms Form Their Expectations? New Survey Evidence," American Economic Review, American Economic Association, vol. 108(9), pages 2671-2713, September.
    5. Refet S G├╝rkaynak & Andrew Levin & Eric Swanson, 2010. "Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from the U.S., UK, and Sweden," Journal of the European Economic Association, MIT Press, vol. 8(6), pages 1208-1242, December.
    6. Alan K. Detmeister & David E. Lebow & Ekaterina V. Peneva, 2016. "Inflation Perceptions and Inflation Expectations," FEDS Notes 2016-12-05-2, Board of Governors of the Federal Reserve System (U.S.).
    7. Bryan, Michael F. & Meyer, Brent & Parker, Nicholas B., 2014. "The inflation expectations of firms: what do they look like, are they accurate, and do they matter?," FRB Atlanta Working Paper 2014-27, Federal Reserve Bank of Atlanta, revised 01 Jan 2015.
    8. Olivier Coibion & Yuriy Gorodnichenko, 2015. "Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts," American Economic Review, American Economic Association, vol. 105(8), pages 2644-2678, August.
    9. Olivier Blanchard & Giovanni Dell'Ariccia & Paolo Mauro, 2010. "Rethinking Macroeconomic Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(s1), pages 199-215, September.
    10. Yash P. Mehra & Christopher Herrington, 2008. "On the sources of movements in inflation expectations : a few insights from a VAR model," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 121-146.
    11. Davis, J. Scott & Presno, Ignacio, 2014. "Inflation targeting and the anchoring of inflation expectations: cross-country evidence from consensus forecasts," Globalization Institute Working Papers 174, Federal Reserve Bank of Dallas.
    12. Laurence M. Ball, 2014. "The Case for a Long-Run Inflation Target of Four Percent," IMF Working Papers 14/92, International Monetary Fund.
    13. Shusaku Nishiguchi & Jouchi Nakajima & Kei Imakubo, 2014. "Disagreement in households' inflation expectations and its evolution," Bank of Japan Review Series 14-E-1, Bank of Japan.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Olivier Coibion & Yuriy Gorodnichenko & Michael Weber, 2019. "Monetary Policy Communications and their Effects on Household Inflation Expectations," CESifo Working Paper Series 7464, CESifo Group Munich.

    More about this item

    Keywords

    Long-term inflation expectations; firms' inflation expectations; guidance and uncertainty;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:snb:snbwpa:2018-18. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Enzo Rossi). General contact details of provider: http://edirc.repec.org/data/snbgvch.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.