The role of information and experience for households' inflation expectations
Based on a new survey of German households, we investigate the role of information channels and lifetime experience for households' inflation expectations. We show that the types of information channels that households use to inform themselves about monetary policy are closely related to their...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Munich, Germany
CESifo, Center for Economic Studies & Ifo Institute
August 2020
|
| Series: | CESifo working paper
no. 8528 (2020) |
| In: |
CESifo working papers (no. 8528 (2020))
|
| Subjects: | |
| Online Access: | Verlag, kostenfrei: http://www.cesifo.org/DocDL/cesifo1_wp8528.pdf Verlag, kostenfrei: https://www.cesifo.org/en/publikationen/2020/working-paper/role-information-and-experience-households-inflation-expectations Resolving-System, kostenfrei: http://hdl.handle.net/10419/226230 
|
| Author Notes: | Christian Conrad, Zeno Enders, Alexander Glas |
MARC
| LEADER | 00000cam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 1732429987 | ||
| 003 | DE-627 | ||
| 005 | 20241126221114.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 200915s2020 gw |||||o 00| ||eng c | ||
| 024 | 7 | |a 10419/226230 |2 hdl | |
| 035 | |a (DE-627)1732429987 | ||
| 035 | |a (DE-599)KXP1732429987 | ||
| 035 | |a (OCoLC)1196869906 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 044 | |c XA-DE | ||
| 084 | |a 17 |2 sdnb | ||
| 084 | |a E31 |a D84 |a E71 |2 jelc | ||
| 100 | 1 | |a Conrad, Christian |d 1977- |e VerfasserIn |0 (DE-588)132066513 |0 (DE-627)517463725 |0 (DE-576)256818541 |4 aut | |
| 245 | 1 | 4 | |a The role of information and experience for households' inflation expectations |c Christian Conrad, Zeno Enders, Alexander Glas |
| 264 | 1 | |a Munich, Germany |b CESifo, Center for Economic Studies & Ifo Institute |c August 2020 | |
| 300 | |a 1 Online-Ressource (circa 27 Seiten) |b Illustrationen | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 1 | |a CESifo working paper |v no. 8528 (2020) | |
| 520 | |a Based on a new survey of German households, we investigate the role of information channels and lifetime experience for households' inflation expectations. We show that the types of information channels that households use to inform themselves about monetary policy are closely related to their socio-economic characteristics. These information channels, in turn, have an important influence on the level of perceived past and expected future inflation, as well as uncertainty thereof. The expected future change of inflation and the unemployment rate, however, is strongly influenced by individual experience of these variables. Similarly, the expected response of inflation to a change in the interest rate is also shaped by experience. We propose the interpretation that households obtain inflation numbers from the media, but their "economic model" is shaped by experience. | ||
| 650 | 4 | |a household expectations |7 (dpeaa)DE-206 | |
| 650 | 4 | |a inflation expectations |7 (dpeaa)DE-206 | |
| 650 | 4 | |a information channels |7 (dpeaa)DE-206 | |
| 650 | 4 | |a experience |7 (dpeaa)DE-206 | |
| 650 | 4 | |a Bundesbank household survey |7 (dpeaa)DE-206 | |
| 655 | 4 | |0 (DE-206)34 |a Graue Literatur |5 DE-206 | |
| 700 | 1 | |a Enders, Zeno |d 1977- |e VerfasserIn |0 (DE-588)1042697515 |0 (DE-627)76941379X |0 (DE-576)343512777 |4 aut | |
| 700 | 1 | |a Glas, Alexander |d 1986- |e VerfasserIn |0 (DE-588)1035326566 |0 (DE-627)747297940 |0 (DE-576)382935314 |4 aut | |
| 810 | 2 | |a CESifo GmbH |t CESifo working papers |v no. 8528 (2020) |9 8528 |w (DE-627)340076984 |w (DE-576)281209073 |w (DE-600)2065232-X |x 2364-1428 |7 am | |
| 856 | 4 | 0 | |u http://www.cesifo.org/DocDL/cesifo1_wp8528.pdf |x Verlag |z kostenfrei |
| 856 | 4 | 0 | |u https://www.cesifo.org/en/publikationen/2020/working-paper/role-information-and-experience-households-inflation-expectations |x Verlag |z kostenfrei |
| 856 | 4 | 0 | |u http://hdl.handle.net/10419/226230 |x Resolving-System |z kostenfrei |
| 951 | |a BO | ||
| 992 | |a 20210121 | ||
| 993 | |a WorkingPaper | ||
| 994 | |a 2020 | ||
| 998 | |g 1035326566 |a Glas, Alexander |m 1035326566:Glas, Alexander |p 3 |y j | ||
| 998 | |g 1042697515 |a Enders, Zeno |m 1042697515:Enders, Zeno |d 180000 |d 181000 |e 180000PE1042697515 |e 181000PE1042697515 |k 0/180000/ |k 1/180000/181000/ |p 2 | ||
| 998 | |g 132066513 |a Conrad, Christian |m 132066513:Conrad, Christian |d 180000 |d 181000 |e 180000PC132066513 |e 181000PC132066513 |k 0/180000/ |k 1/180000/181000/ |p 1 |x j | ||
| 999 | |a KXP-PPN1732429987 |e 3840510562 | ||
| BIB | |a Y | ||
| JSO | |a {"name":{"displayForm":["Christian Conrad, Zeno Enders, Alexander Glas"]},"person":[{"role":"aut","given":"Christian","family":"Conrad","display":"Conrad, Christian"},{"role":"aut","given":"Zeno","family":"Enders","display":"Enders, Zeno"},{"role":"aut","given":"Alexander","family":"Glas","display":"Glas, Alexander"}],"physDesc":[{"noteIll":"Illustrationen","extent":"1 Online-Ressource (circa 27 Seiten)"}],"title":[{"title":"The role of information and experience for households' inflation expectations","title_sort":"role of information and experience for households' inflation expectations"}],"relMultPart":[{"dispAlt":"CESifo GmbH: CESifo working papers","origin":[{"publisherPlace":"München","dateIssuedKey":"1991","dateIssuedDisp":"1991-","publisher":"[Verlag nicht ermittelbar]"}],"language":["eng"],"note":["Gesehen am 30.04.25"],"recId":"340076984","pubHistory":["Nr. 1.1991 -"],"titleAlt":[{"title":"CESifo working paper series"},{"title":"Working paper"},{"title":"CES working paper series"}],"disp":"CESifo working paper","part":{"number":["no. 8528 (2020)"],"number_sort":["8528"]},"type":{"media":"Online-Ressource","bibl":"serial"},"title":[{"title":"CESifo working papers","title_sort":"CESifo working papers"}],"physDesc":[{"extent":"Online-Ressource"}],"id":{"zdb":["2065232-X"],"issn":["2364-1428"],"eki":["340076984"],"hdl":["10419/19"]},"corporate":[{"role":"aut","display":"CESifo GmbH"},{"role":"isb","display":"Ludwig-Maximilians-Universität München"}]}],"type":{"media":"Online-Ressource","bibl":"book"},"id":{"eki":["1732429987"],"hdl":["10419/226230"]},"origin":[{"publisherPlace":"Munich, Germany","dateIssuedDisp":"August 2020","publisher":"CESifo, Center for Economic Studies & Ifo Institute","dateIssuedKey":"2020"}],"recId":"1732429987","language":["eng"]} | ||
| SRT | |a CONRADCHRIROLEOFINFO2020 | ||