Arbeitspapier
Central bank information and private-sector expectations
Jarocinski and Karadi (2020) disentangle a pure information from the interest rate component of monetary policy surprises. This note quantifies the information revealed in FOMC announcements using forecast revisions from Blue Chip Economic Indicators. In response to a positive central bank information shock, survey participants revise their now- and short-term forecasts of real GDP growth upwards, while the corresponding revisions in the growth rate of the GDP de ator are mostly statistically insignificant.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2007
- Classification
-
Wirtschaft
Business Fluctuations; Cycles
Monetary Policy
General Outlook and Conditions
- Subject
-
Blue Chip Economic Indicators
Central bank information shocks
Forecast revisions
- Event
-
Geistige Schöpfung
- (who)
-
Güntner, Jochen
- Event
-
Veröffentlichung
- (who)
-
Johannes Kepler University of Linz, Department of Economics
- (where)
-
Linz
- (when)
-
2020
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Güntner, Jochen
- Johannes Kepler University of Linz, Department of Economics
Time of origin
- 2020
Other Objects (12)
Expectations Management of Central Banks
Coordinating expectations through central bank projections
Empirical studies on central banks' expectations management
Empirical Studies on Central Banks' Expectations Management
The role of central bank knowledge and trust for the public's inflation expectations
Managing financial market expectations: The role of central bank transparency and central bank communication
Managing Financial Market Expectations: The Role of Central Bank Transparency and Central Bank Communication
Central bank communication: Managing expectations through the monetary dialogue
Central bank communication: Managing expectations through the monetary dialogue
Can central bank communication help to stabilise inflation expectations?
Central Bank Communication – Managing Expectations through the Monetary Dialogue
The role of central bank transparency for guiding private sector forecasts
Expectations Management of Central Banks
Coordinating expectations through central bank projections
Empirical studies on central banks' expectations management
Empirical Studies on Central Banks' Expectations Management
The role of central bank knowledge and trust for the public's inflation expectations
Managing financial market expectations: The role of central bank transparency and central bank communication
Managing Financial Market Expectations: The Role of Central Bank Transparency and Central Bank Communication
Central bank communication: Managing expectations through the monetary dialogue
Central bank communication: Managing expectations through the monetary dialogue
Can central bank communication help to stabilise inflation expectations?
Central Bank Communication – Managing Expectations through the Monetary Dialogue
The role of central bank transparency for guiding private sector forecasts
Expectations Management of Central Banks
Coordinating expectations through central bank projections
Empirical studies on central banks' expectations management
Empirical Studies on Central Banks' Expectations Management
The role of central bank knowledge and trust for the public's inflation expectations
Managing financial market expectations: The role of central bank transparency and central bank communication
Managing Financial Market Expectations: The Role of Central Bank Transparency and Central Bank Communication
Central bank communication: Managing expectations through the monetary dialogue
Central bank communication: Managing expectations through the monetary dialogue
Can central bank communication help to stabilise inflation expectations?
Central Bank Communication – Managing Expectations through the Monetary Dialogue