Arbeitspapier
Are US inflation expectations re-anchored?
Anchored inflation expectations are of key importance for monetary policy. If long-terminflation expectations arewell-anchored, they should be unaffected by short-term economic news. This letter introduces newsregressions with multiple endogenous breaks to investigate the de- and re-anchoring of US inflation expectations. We confirm earlier evidence on the de-anchoring of expectations driven by the outbreak of the crisis. Our results indicate that expectations have not been re-anchored ever since.
- Sprache
-
Englisch
- Erschienen in
-
Series: SFB 649 Discussion Paper ; No. 2014-060
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Monetary Policy
Central Banks and Their Policies
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- Thema
-
Anchoring of Inflation Expectations
Break-Even Inflation Rates
News-Regressions
Multiple Structural Break Tests
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Nautz, Dieter
Strohsal, Till
- Ereignis
-
Veröffentlichung
- (wer)
-
Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk
- (wo)
-
Berlin
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Nautz, Dieter
- Strohsal, Till
- Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk
Entstanden
- 2014
Ähnliche Objekte (12)
Are US InflationExpectations Re-Anchored?
Anchored inflation expectations
Are strategies anchored?
Precautionary saving and un-anchored expectations
Inflation, deflation, and uncertainty: What drives euro area option-implied inflation expectations and are they still anchored in the sovereign debt crisis?
Are subjective distributions in inflation expectations symmetric?
The Inflation Surge of 2021–22: Scarcity of Goods and Commodities, Strong Labor Markets and Anchored Inflation Expectations
Monetary policy & anchored expectations: An endogenous gain learning model
Inflation expectations in the Euro area: are consumers rational?
Inflation expectations in the Euro area: are consumers rational?
Updating inflation expectations
Updating inflation expectations
Are US InflationExpectations Re-Anchored?
Anchored inflation expectations
Are strategies anchored?
Precautionary saving and un-anchored expectations
Inflation, deflation, and uncertainty: What drives euro area option-implied inflation expectations and are they still anchored in the sovereign debt crisis?
Are subjective distributions in inflation expectations symmetric?
The Inflation Surge of 2021–22: Scarcity of Goods and Commodities, Strong Labor Markets and Anchored Inflation Expectations
Monetary policy & anchored expectations: An endogenous gain learning model
Inflation expectations in the Euro area: are consumers rational?
Inflation expectations in the Euro area: are consumers rational?
Updating inflation expectations
Updating inflation expectations
Are US InflationExpectations Re-Anchored?
Anchored inflation expectations
Are strategies anchored?
Precautionary saving and un-anchored expectations
Inflation, deflation, and uncertainty: What drives euro area option-implied inflation expectations and are they still anchored in the sovereign debt crisis?
Are subjective distributions in inflation expectations symmetric?
The Inflation Surge of 2021–22: Scarcity of Goods and Commodities, Strong Labor Markets and Anchored Inflation Expectations
Monetary policy & anchored expectations: An endogenous gain learning model
Inflation expectations in the Euro area: are consumers rational?
Inflation expectations in the Euro area: are consumers rational?
Updating inflation expectations