التفاصيل البيبلوغرافية
| العنوان: |
Anchoring Households' Inflation Expectations When Inflation Is High |
| المؤلفون: |
Nghiem, Giang, Dräger, Lena, Dalloul, Ami |
| بيانات النشر: |
Center for Economic Studies and ifo Institute (CESifo) |
| سنة النشر: |
2024 |
| المجموعة: |
EconStor (German National Library of Economics, ZBW) |
| مصطلحات موضوعية: |
ddc:330, E52, E31, D84, anchoring of inflation expectations, central bank communication, survey experiment, randomized controlled trial (RCT) |
| الوصف: |
This paper explores communication strategies for anchoring households' medium-term inflation expectations in a high inflation environment. We conducted a survey experiment with a representative sample of 4,000 German households at the height of the recent inflation surge in early 2023, with information treatments including a qualitative statement by the ECB president and quantitative information about the ECB's inflation target or projected inflation. Inflation projections are most effective, but combining information about the target with a qualitative statement also significantly improves anchoring. The treatment effects are particularly pronounced among respondents with high financial literacy and high trust in the central bank. |
| نوع الوثيقة: |
report |
| اللغة: |
English |
| العلاقة: |
Series: CESifo Working Paper; No. 11042; gbv-ppn:1885380356; https://hdl.handle.net/10419/296131Test; RePec:ces:ceswps:_11042 |
| الإتاحة: |
https://hdl.handle.net/10419/296131Test |
| حقوق: |
https://www.econstor.eu/dspace/NutzungsbedingungenTest |
| رقم الانضمام: |
edsbas.4E8024D2 |
| قاعدة البيانات: |
BASE |
