Wirtschaftswissenschaftliche Fakultät der Leibniz Universität Hannover

2024 / 2023 / 2022 / 2021 / 2020 / 2019 / ältere Diskussionspapiere anzeigen

Diskussionspapiere - Hannover Economic Papers (HEP)

Anchoring Households' Inflation Expectations when Inflation is High

Autor: Giang Nghiem, Lena Dräger, Ami Dalloul
Nummer: 719, Apr 2024, pp. 66
JEL-Class: E52, E31, D84

Abstract:
This paper explores communication strategies for anchoring households' medium-term inflation expectations in a high inflation environment. We conducted a survey experiment with a representative sample of 4,000 German households at the height of the recent inflation surge in early 2023, with information treatments including a qualitative statement by the ECB president and quantitative information about the ECB's inflation target or projected inflation. Inflation projections are most effective, but combining information about the target with a qualitative statement also significantly improves anchoring. The treatment effects are particularly pronounced among respondents with high financial literacy and high trust in the central bank.

Zusammenfassung:
/N

Diskussionspapier als PDF-Datei herunterladen
BibTeX-Datensatz herunterladen

| ©2004 - 2024 Wirtschaftswissenschaftliche Fakultät, letzte Änderung am 2014-09-02 11:55:06