dc.contributor.author
Hachula, Michael
dc.contributor.author
Nautz, Dieter
dc.date.accessioned
2018-06-08T11:46:11Z
dc.date.available
2017-05-19T07:01:04.104Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/22081
dc.identifier.uri
http://dx.doi.org/10.17169/refubium-25285
dc.description.abstract
Well-anchored inflation expectations should not react to short-term oriented
macroeconomic news. This paper analyzes the dynamic response of inflation
expectations to macro news shocks in a structural VAR model. As identification
of structural macro news shocks is controversial, we use a proxy SVAR model
where, by construction, unobservable macro news shocks correlate with
observable surprises from macroeconomic news announcements. Our results
confirm that macro news shocks have no impact on U.S. long-term inflation
expectations in the long run. In the short run, however, the degree of
expectations de-anchoring is non-negligible.
en
dc.format.extent
19 Seiten
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000720-9
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000006-7
dc.rights.uri
http://www.fu-berlin.de/sites/refubium/rechtliches/Nutzungsbedingungen
dc.subject
Dynamics of Inflation Expectations
dc.subject
Expectations Anchoring
dc.subject
Macroeconomic News
dc.subject.ddc
300 Sozialwissenschaften::330 Wirtschaft::339 Makroökonomie und verwandte Themen
dc.title
The Dynamic Impact of Macroeconomic News on Long-Term Inflation Expectations
refubium.affiliation
Wirtschaftswissenschaft
de
refubium.mycore.fudocsId
FUDOCS_document_000000027032
refubium.series.issueNumber
2017,12 : Economics
refubium.series.name
Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin
refubium.mycore.derivateId
FUDOCS_derivate_000000008213
dcterms.accessRights.openaire
open access
