NDLI: The Impact of News on US Household Inflation Expectations

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The Impact of News on US Household Inflation Expectations

Content Provider	Scilit
Author	Chao, Shih-Kang Sheen, Jeffrey Trrck, Stefan Wang, Ben Zhe
Copyright Year	2017
Description	Journal: SSRN Electronic Journal Analysis of monthly disaggregated data from 1978 to 2016 on US household inflation expectations reveals that exposure to news on inflation and monetary policy helps to explain inflation expectations. This remains true when controlling for household personal characteristics, their perceptions of the effectiveness of government policies, their expectations of future interest rates and unemployment, and their sentiment levels. We find evidence of an asymmetric impact of news on inflation expectations particularly after 1983, with news on rising inflation and easier monetary policy having a stronger effect in comparison to news on lowering inflation and tightening monetary policy.
Related Links	http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2017-011.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2976320
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.2976320
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2017-05-29
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Mathematical Social Sciences Inflation Expectations Household Inflation Us Household Impact of News Monetary Policy
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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