CONSUMERS' INFLATION EXPECTATIONS AND MONETARY POLICY IN EUROPE

Jan Marc Berk

Contemporary Economic Policy, 2002, vol. 20, issue 2, 122-132

Abstract: This article analyses the effects of monetary policy decisions on inflation expectations of European consumers. Using a novel approach, I convert qualitative survey responses of consumers in various European countries into a quantitative time series of inflation expectations. I investigate the effects of unanticipated movements in interest rates and inflation on inflation expectations across European countries. I inter alia seek to explore whether the reaction differs of consumers in countries with more credible central banks than those in less credible countries.

Date: 2002
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https://doi.org/10.1093/cep/20.2.122

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Persistent link: https://EconPapers.repec.org/RePEc:bla:coecpo:v:20:y:2002:i:2:p:122-132

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