Elena Andreou, Snezana Eminidou, Marios Zachariadis, (2016), “Inflation expectations and monetary policy in Europe”, CEPR DP11306, Ιούνιος
We use monthly data across fifteen euro-area economies for the period 1985:1-2015:3 to obtain different monetary policy shocks pertaining to more versus less informed individuals. We then investigate how these affect inflation expectations of different types of consumers before and after the incidence of the recent Crisis. Shocks obtained based on the assumption that individuals are well informed can have different impact on inflation expectations as compared to shocks obtained based on the assumption that they are not as informed. Moreover, monetary policy can have different effects on inflation expectations for different types of consumers. Finally, monetary policy has different effects on inflation expectations after as compared to before the incidence of the recent Crisis.
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- Dabrowski, Marek, (2016), “Core and periphery: different approaches to unconventional monetary policy “, Bruegel, 24 Μαϊου
- Dąbrowski, Marek, (2016), “Interaction between monetary policy and bank regulation: lessons for the ECB”, CASE Networks Studies & Analyses No 480 2/2016