| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14202 |
| DP14202 Trust in the Central Bank and Inflation Expectations | |
| Dimitris Christelis; Dimitris Georgarakos; Maarten Van Rooij | |
| 发表日期 | 2019-12-17 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Using micro data from the 2015 Dutch CentERpanel, we examine whether trust in the European Central Bank (ECB) influences individuals’ expectations and uncertainty about future inflation, and whether it anchors inflation expectations. We find that higher trust in the ECB lowers inflation expectations on average, and significantly reduces uncertainty about future inflation. Moreover, results from quantile regressions suggest that trusting the ECB increases (lowers) inflation expectations when the latter are below (above) the ECB’s inflation target. These findings hold after controlling for people’s knowledge about the objectives of the ECB. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Inflation expectations Inflation uncertainty Anchoring Trust in the ecb Subjective expectations |
| URL | https://cepr.org/publications/dp14202 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543091 |
| 推荐引用方式 GB/T 7714 | Dimitris Christelis,Dimitris Georgarakos,Maarten Van Rooij. DP14202 Trust in the Central Bank and Inflation Expectations. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
