Arbeitspapier
Inflation expectations and climate concern
Using survey data from German households, we find that individuals with lower climate concern tend to have higher inflation expectations up to five years ahead. This correlation is most pronounced among individuals with extremely high inflation expectations. Evaluating candidate explanations, we find that part of the link between climate concern and inflation expectations can be associated with individuals' perceived exposures to climate-related risks and with their distrust in the central bank. Overall, our results suggest that climate change perceptions matter for inflation expectations.
- ISBN
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978-3-95729-880-5
- Language
-
Englisch
- Bibliographic citation
-
Series: Deutsche Bundesbank Discussion Paper ; No. 12/2022
- Classification
-
Wirtschaft
Price Level; Inflation; Deflation
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Climate; Natural Disasters and Their Management; Global Warming
Environmental Economics: Government Policy
- Subject
-
climate change
inflation expectations
physical risk
transition risk
central bank distrust
household surveys
- Event
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Geistige Schöpfung
- (who)
-
Meinerding, Christoph
Poinelli, Andrea
Schüler, Yves
- Event
-
Veröffentlichung
- (who)
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Deutsche Bundesbank
- (where)
-
Frankfurt a. M.
- (when)
-
2022
- Handle
- Last update
-
10.03.2025, 11:41 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
- Meinerding, Christoph
- Poinelli, Andrea
- Schüler, Yves
- Deutsche Bundesbank
Time of origin
- 2022
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