dc.contributor.author
Coleman, Winnie
dc.contributor.author
Nautz, Dieter
dc.date.accessioned
2023-10-24T07:22:56Z
dc.date.available
2023-10-24T07:22:56Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/37395
dc.identifier.uri
http://dx.doi.org/10.17169/refubium-37107
dc.description.abstract
Using the exact wording of the European Central Bank's definition of price stability, we started a representative online survey of German citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation target. Our results indicate that credibility has decreased in our sample period, particularly in the course of the deep recession implied by the Covid-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2% over the medium term. We investigate how inflation expectations and the impact of the pandemic depend on personal characteristics including age, gender, education, and political attitude.
en
dc.format.extent
17 Seiten
dc.rights.uri
https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject
credibility of inflation targets
en
dc.subject
Covid-19 pandemic
en
dc.subject
expectation formation
en
dc.subject
household inflation expectations
en
dc.subject
online surveys
en
dc.subject.ddc
300 Sozialwissenschaften::330 Wirtschaft::330 Wirtschaft
dc.title
Inflation Expectations, Inflation Target Credibility, and the COVID-19 Pandemic: Evidence from Germany
dc.type
Wissenschaftlicher Artikel
dcterms.bibliographicCitation.doi
10.1111/jmcb.12998
dcterms.bibliographicCitation.journaltitle
Journal of Money, Credit and Banking
dcterms.bibliographicCitation.number
7
dcterms.bibliographicCitation.pagestart
1937
dcterms.bibliographicCitation.pageend
1953
dcterms.bibliographicCitation.volume
55
dcterms.bibliographicCitation.url
https://doi.org/10.1111/jmcb.12998
refubium.affiliation
Wirtschaftswissenschaft
refubium.affiliation.other
Volkswirtschaftslehre
refubium.funding
DEAL Wiley
refubium.note.author
Die Publikation wurde aus Open Access Publikationsgeldern der Freien Universität Berlin gefördert.
refubium.resourceType.isindependentpub
no
dcterms.accessRights.openaire
open access
dcterms.isPartOf.eissn
1538-4616