- Tytuł:
- DISPERSION OF INFLATION EXPECTATIONS IN THE EUROPEAN UNION DURING THE GLOBAL FINANCIAL CRISIS
- Autorzy:
-
Acedański, Jan
Włodarczyk, Julia - Powiązania:
- https://bibliotekanauki.pl/articles/517305.pdf
- Data publikacji:
- 2016
- Wydawca:
- Instytut Badań Gospodarczych
- Tematy:
-
inflation expectations
survey data
global financial crisis
European Union - Opis:
- Inflation expectations, both their median and dispersion, are of great importance to the effectiveness of monetary policy. The goal of this paper is to examine the impact of the global financial crisis on dispersion of inflation expectations in the European Union. Using European Commission’s survey data, we find that in the early phase of the crisis the dispersion dropped rapidly but then, after Lehman Brothers’ collapse, the trend reversed and these fluctuations cannot be explained by movements of inflation rates and other commonly used factors. We also observe that, in the new European Union member states, the initial drop of the dispersion was weaker whereas the subsequent rise was stronger as compared to the old member states.
- Źródło:
-
Equilibrium. Quarterly Journal of Economics and Economic Policy; 2016, 11, 4; 737-749
1689-765X
2353-3293 - Pojawia się w:
- Equilibrium. Quarterly Journal of Economics and Economic Policy
- Dostawca treści:
- Biblioteka Nauki
Artykuł