Individual inflation forecasts and monetary policy announcements

Jakob de Haan, Kostas(Konstantinos) Mavromatis and Garyn Tan

Economics Letters, 2020, vol. 197, issue C

Abstract: Using a decomposition of US monetary policy shocks and inflation forecasts from Consensus Economics, we find that information and monetary policy shocks move inflation expectations in opposite directions. Better performing forecasters appear less reliant on the informational content of announcements.

Keywords: Inflation forecasts; Consensus forecasts; Monetary policy shocks; Information shocks (search for similar items in EconPapers)
JEL-codes: E31 E58 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:197:y:2020:i:c:s0165176520303621

DOI: 10.1016/j.econlet.2020.109602

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