Consumer Inflation Expectations: Daily Dynamics

Carola Binder, Jeffrey Campbell and Jane Ryngaert

No 19011, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We use high frequency identification methods to study the response of consumer inflation expectations to many different types of events using data from the Federal Reserve Bank of New York's Survey of Consumer Expectations. We identify the response of expectations to a large set of shocks, including FOMC meetings and macroeconomic data releases. We find that and macroeconomic news and FOMC meetings with a press conference or rate cuts jointly move expectations.

Keywords: Event; study (search for similar items in EconPapers)
JEL-codes: E31 E52 E71 (search for similar items in EconPapers)
Date: 2024-04
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Journal Article: Consumer inflation expectations: Daily dynamics (2024)
Working Paper: Consumer Inflation Expectations: Daily Dynamics (2022)
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