| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15307 |
| DP15307 Average Inflation Targeting and Household Expectations | |
| Yuriy Gorodnichenko; Edward Knotek; Raphael Schoenle | |
| 发表日期 | 2020-09-18 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Using a daily survey of U.S. households, we study how the Federal Reserve’s announcement of its new strategy of average inflation targeting affected households’ expectations. Starting with the day of the announcement, there is a very small uptick in the minority of households reporting that they had heard news about monetary policy relative to prior to the announcement, but this effect fades within a few days. Those hearing news about the announcement do not seem to have understood the announcement: they are no more likely to correctly identify the Fed’s new strategy than others, nor are their expectations different. When we provide randomly selected households with pertinent information about average inflation targeting, their expectations still do not change in a different way than when households are provided with information about traditional inflation targeting. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Inflation targeting Inflation expectations Surveys Communication Randomized controlled trial |
| URL | https://cepr.org/publications/dp15307 |
| 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/544284 |
| 推荐引用方式 GB/T 7714 | Yuriy Gorodnichenko,Edward Knotek,Raphael Schoenle. DP15307 Average Inflation Targeting and Household Expectations. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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