Konferenzbeitrag
Inflation uncertainty, disagreement and monetary policy: Evidence from the ECB Survey of Professional Forecasters
We analyze the determinants of average individual inflation uncertainty and disagreement based on data from the European Central Bank’s Survey of Professional Forecasters. We empirically confirm the implication from a theoretical decomposition of inflation uncertainty that disagreement is an incomplete approximation to overall uncertainty. Both measures are associated with macroeconomic conditions and indicators of monetary policy, but the relations differ qualitatively. In particular, average individual inflation uncertainty is higher during periods of expansionary monetary policy, whereas disagreement rises during contractionary periods.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Inflation ; No. D16-V3
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Monetary Policy
Central Banks and Their Policies
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Glas, Alexander
Hartmann, Matthias
- Ereignis
-
Veröffentlichung
- (wer)
-
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (wo)
-
Kiel und Hamburg
- (wann)
-
2016
- 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
- Konferenzbeitrag
Beteiligte
- Glas, Alexander
- Hartmann, Matthias
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2016
Ähnliche Objekte (12)
Inflation uncertainty, disagreement and monetary policy: Evidence from the ECB Survey of Professional Forecasters
Inflation uncertainty, disagreement and monetary policy: Evidence from the ECB Survey of Professional Forecasters
The measurement and behavior of uncertainty: Evidence from the ECB Survey of Professional Forecasters
Disagreement among forecasters in G7 countries
Disagreement among Forecasters in G7 Countries
Macroeconomic uncertainty through the lens of professional forecasters
An introduction to the ECB’s survey of professional forecasters
The role of media for inflation forecast disagreement of households and professional forecasters
Does Disagreement amongst Forecasters have Predictive Value?
An Investigation into the Uncertainty Revision Process of Professional Forecasters
Nonlinear expectations in speculative markets : Evidence from the ECB survey of professional forecasters
Nonlinear expectations in speculative markets: Evidence from the ECB survey of professional forecasters
Inflation uncertainty, disagreement and monetary policy: Evidence from the ECB Survey of Professional Forecasters
Inflation uncertainty, disagreement and monetary policy: Evidence from the ECB Survey of Professional Forecasters
The measurement and behavior of uncertainty: Evidence from the ECB Survey of Professional Forecasters
Disagreement among forecasters in G7 countries
Disagreement among Forecasters in G7 Countries
Macroeconomic uncertainty through the lens of professional forecasters
An introduction to the ECB’s survey of professional forecasters
The role of media for inflation forecast disagreement of households and professional forecasters
Does Disagreement amongst Forecasters have Predictive Value?
An Investigation into the Uncertainty Revision Process of Professional Forecasters
Nonlinear expectations in speculative markets : Evidence from the ECB survey of professional forecasters
Nonlinear expectations in speculative markets: Evidence from the ECB survey of professional forecasters
Inflation uncertainty, disagreement and monetary policy: Evidence from the ECB Survey of Professional Forecasters
Inflation uncertainty, disagreement and monetary policy: Evidence from the ECB Survey of Professional Forecasters
The measurement and behavior of uncertainty: Evidence from the ECB Survey of Professional Forecasters
Disagreement among forecasters in G7 countries
Disagreement among Forecasters in G7 Countries
Macroeconomic uncertainty through the lens of professional forecasters
An introduction to the ECB’s survey of professional forecasters
The role of media for inflation forecast disagreement of households and professional forecasters
Does Disagreement amongst Forecasters have Predictive Value?
An Investigation into the Uncertainty Revision Process of Professional Forecasters
Nonlinear expectations in speculative markets : Evidence from the ECB survey of professional forecasters