| 来源类型 | VoxEU Column |
| 规范类型 | 评论 |
| Firms' expectations of inflation matter: New evidence | |
| Olivier Coibion; Yuriy Gorodnichenko; Tiziano Ropele | |
| 发表日期 | 2019-03-05 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | With nominal short-term interest rates close to their effective lower bound, monetary policies partly operate through changing the inflation expectations. This column analyses the causal effect of inflation expectations on firms’ economic decisions in Italy. Higher inflation expectations on the part of firms leads them to raise their prices, increase their utilisation of credit, and reduce their employment. But when policy rates are constrained by the effective lower bound, expansionary effects are stronger, leading firms to raise their prices more and no longer reduce their employment. |
| 主题 | Industrial organisation ; Monetary Policy |
| 关键词 | Inflation expectations firm decisions |
| URL | https://cepr.org/voxeu/columns/firms-expectations-inflation-matter-new-evidence |
| 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/554057 |
| 推荐引用方式 GB/T 7714 | Olivier Coibion,Yuriy Gorodnichenko,Tiziano Ropele. Firms' expectations of inflation matter: New evidence. 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。
