- ——— (2022): “Reactions of household inflation expectations to a symmetric inflation target and high inflation,” DNB Working Paper No 743.
Paper not yet in RePEc: Add citation now
- ——— (2023): “The anchoring of long-term inflation expectations of consumers: insights from a new survey,” Oxford Economic Papers, 75, 96–116.
Paper not yet in RePEc: Add citation now
- 6. Information provided about inflation and the ECB target12 12 The following information was provided to respondents of the December 2019 survey. This information was updated each month for subsequent waves of the survey. • Inflation is the percentage change in consumer prices over twelve months. Most recently, inflation in the Netherlands/euro area was 2.6%/1.0% (see Figure A1/A2). • The primary objective of the European Central Bank (ECB) is to maintain price stability. The ECB has defined price stability as inflation in the euro area below but close to 2%.
Paper not yet in RePEc: Add citation now
Abildgren, K. and A. Kuchler (2021): “Revisiting the inflation perception conundrum”, Journal of Macroeconomics, 67.
- Ahn, H., Xie, S. and C. Yang (2022): “Effects of Monetary Policy on Household Expectations: The Role of Homeownership”, Finance and Economics Discussion Series 2022-065.
Paper not yet in RePEc: Add citation now
- Apokoritis, N., Galati, G. and R. Moessner (2024): “Inflation expectations anchoring: new insights from micro evidence of a survey at high-frequency and of distributions”, International Journal of Central Banking, forthcoming.
Paper not yet in RePEc: Add citation now
- Arioli, R., Bates, C., Dieden, H., Duca, I., Friz, R., Gayer, C., Kenny, G., Meyler, A. and I. Pavlova (2016): “EU Consumers' Quantitative Inflation Perceptions and Expectations: an Evaluation”.
Paper not yet in RePEc: Add citation now
Bańkowska, K., Borlescu, A.M., Charalambakis, E., Dias Da Silva, A., Di Laurea, D., Dossche, M., Georgarakos, D., Honkkila, J., Kennedy, N., Kenny, G., Kolndrekaj, A., Meyer, J., Rusinova, D., Teppa, F., and V. Törmälehto (2021): “ECB Consumer Expectations Survey: an overview and first evaluation”, ECB Occasional Paper No. 287.
Binder, C. (2020): “Long-run inflation expectations in the shrinking upper tail”, Economics Letters, 168.
- Born, B., Enders, Z. and G. Müller (2023): “On FIRE, news, and expectations”, CEPR Discussion Paper No. 18259.
Paper not yet in RePEc: Add citation now
Born, B., Enders, Z., Menkhoff, M., Müller, G. and K. Niemann (2022): “Firm Expectations and News: Micro v Macro”, CESifo Working Paper No. 10192.
- Bracha, A. and J. Tang (2022): “Inflation Levels and (In)Attention”, Federal Reserve Bank of Boston Working Paper 22–4.
Paper not yet in RePEc: Add citation now
Buono, I. and S. Formai (2018): “New evidence on the evolution of the anchoring of inflation expectations”, Journal of Macroeconomics, 57, 39-54.
Candia, B., Coibion, O. and Y. Gorodnichenko (2020): “Communication and the Beliefs of Economic Agents”, NBER Working Paper 27800.
Carroll, C. (2003): “Macroeconomic Expectations of Households and Professional Forecasters”, The Quarterly Journal of Economics 118 (1). 269–98 Cecchetti, S., Fantino, D., Riggi, M. and Notarpietro, A. and Tagliabracci, A., Tiseno, A. and R. Zizza (2021): “Inflation Expectations in the Euro Area: Indicators, Analyses and Models Used at Banca d’Italia”, Bank of Italy Occasional Paper No. 612.
Coibion, O., Gorodnichenko, Y. and M. Weber (2022): “Monetary policy communications and their effects on household inflation expectations”, Journal of Political Economy, 91, 1297-1332.
- Conrad, C. and K. Lahiri (2023): “Heterogeneous Expectations among Professional Forecasters”, ZEW Discussion Paper No. 23-026.
Paper not yet in RePEc: Add citation now
Conrad, C., Enders, Z. and A. Glas (2022): “The role of information and experience for households’ inflation expectations, European Economic Review, 143(C), 104015.
- D’Acunto, F., U. Malmendier, and M. Weber (2021b): “Gender roles produce divergent economic expectations,” Proceedings of the National Academy of Sciences, 118.D’Acunto, F., Hoang, D., Paloviita, M. and M. Weber (2022): “IQ, Expectations, and Choice”, The Review of Economic Studies, 90(5), 2292–2325.
Paper not yet in RePEc: Add citation now
- D’Acunto, F., U. Malmendier, J. Ospina, and M. Weber (2021a): “Exposure to grocery prices and inflation expectations,” Journal of Political Economy, 129, 1615–1639.
Paper not yet in RePEc: Add citation now
Detmers, G.-A., Ho, S.‐J. and Ö. Karagedikli (2022): “Understanding Consumer Inflation Expectations during the COVID‐19 Pandemic”, Australian Economic Review, 55(1), 141–154.
Dhamija, V., Nunes, R. and R. Tara (2023): “House price expectations and inflation expectations: Evidence from survey data”, SUERF Policy Brief No. 642, 27 July.
- Di Nino, V., Kolndrekaj, A. and A. Meyler (2022): “What drives inflation expectations of women and men?”, The ECB Blog, 14 September.
Paper not yet in RePEc: Add citation now
Dräger, L. and M. Lamla (2023): “Consumers’ macroeconomic expectations”, Journal of Economic Surveys, DOI: 10.1111/joes.12590.
- Dräger, L., Gründler, K. and N. Potrafke (2022a): “Political Shocks and Inflation Expectations: Evidence from the 2022 Russian Invasion of Ukraine”, CESifo Working paper No. 9649.
Paper not yet in RePEc: Add citation now
Dräger, L., J.-O. Menz, and U. Fritsche (2014): “Perceived inflation under loss aversion,” Applied Economics, 46, 282–293.
- Dräger, L., Lamla, M. and D. Pfajfar (2022b): “How to limit the spillover from the 2021 inflation surge to inflation expectations?”, Hannover Economic Papers No. 694.
Paper not yet in RePEc: Add citation now
Ehrmann, M., Pfajfar, D. and D. Santoro (2017): “Consumers' Attitudes and their Inflation Expectations”, International Journal of Central Banking, 47, 225-259.
- Figure A1: Inflation in the Netherlands (information provided to group 2) Figure A2: Inflation in the euro area (information provided to group 4) De Nederlandsche Bank N.V. Postbus 98, 1000 AB Amsterdam 020 524 91 11 dnb.nl
Paper not yet in RePEc: Add citation now
- Galati, G., R. Moessner and M. van Rooij (2021): “Anchoring of consumers’ long-term euro area inflation expectations during the pandemic,” DNB Working Paper No 715.
Paper not yet in RePEc: Add citation now
Goldfayn-Frank, O. and J. Wohlfart (2020): “Expectation formation in a new environment: Evidence from the German reunification”, Journal of Monetary Economics, 115, 301-320.
Jonung, L. (1981): “Perceived and expected rates of inflation in Sweden,” The American Economic Review, 71, 961–968.
- Kamdar, R. (2019): “The Inattentive Consumer: Sentiment and Expectations”, Meeting Papers of the Society for Economic Dynamics No 647.
Paper not yet in RePEc: Add citation now
Kim, G. and C. Binder (2023): “Learning-through-Survey in Inflation Expectations”, American Economic Journal: Macroeconomics, 15(2), 254–278.
- Malmendier, U. and S. Nagel (2015): “Learning from inflation experiences”, Quarterly Journal of Economics, 131 (1), 53–87.
Paper not yet in RePEc: Add citation now
Nautz, D., Pagenhardt, L. and T. Strohsal (2017): “The (de-)anchoring of inflation expectations: new evidence from the euro area”, North American Journal of Economics and Finance, 40, 103115.
- Nghiem, G., Dräger, L. and A. Dalloul (2024): “Anchoring households’ inflation expectations when inflation is high”, CESifo Working Paper No. 11042.
Paper not yet in RePEc: Add citation now
- NL and EA denote whether a household is asked about the future inflation in the Netherlands or in the Euro Area. Perceptions and expectations are truncated [30;-5]. The data span waves 1-46 of the survey (December 2019 - September 2023).
Paper not yet in RePEc: Add citation now
- Powell, J. (2022): “Monetary Policy and Price Stability”, Remarks at “Reassessing Constraints on the Economy and Policy,” an economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming.
Paper not yet in RePEc: Add citation now
Reiche, L. and A. Meyler (2022): “Making sense of consumer inflation expectations: the role of uncertainty”, ECB Working Paper 2642.
- Rondinelli, R. and R. Zizza (2020): “Spend today or spend tomorrow? The role of inflation expectations in consumer behavior”, Banca d’Italia Working Paper No.1276.
Paper not yet in RePEc: Add citation now
- Wave controls include a dummy for each wave. The dependent variables are dummy variables equal to 1 if inflation expected future inflation is above 30% or below-5%. NL and EA denote whether a household is asked about the future inflation in the Netherlands or in the Euro Area. Only respondents from the groups that received information are included in the estimation. The data span waves 1-46 of the survey (December 2019 - September 2023).
Paper not yet in RePEc: Add citation now
Weber, M., Candia, B., Ropele, T., Lluberas, R., Frache, S., Meyer, B., Kumar, S., Gorodnichenko, Y., Georgarakos, D., Coibion, O., Kenny, G. and J. Ponce (2023): “Tell Me Something I Don’t Already Know: Learning in Low and High-Inflation Settings”, NBER Working Paper No. 31485.
Weber, M., D’Acunto, F., Gorodnichenko, Y. and O. Coibion (2022): “The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications”, Journal of Economic Perspectives, 36 (3), 157-84. Figures Figure 1: Randomisation in the DHS satellite survey Figure 2: Dynamics of mean inflation perceptions and actual HICP inflation (a) The Netherlands (b) Euro Area Sources: DHS satellite survey. Perceptions: Means, observations truncated to interval [-5;+30].