| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16766 |
| DP16766 News and uncertainty about COVID-19: Survey evidence and short-run economic impact | |
| Alexander Dietrich; Keith Kuester; Gernot Müller; Raphael Schoenle | |
| 发表日期 | 2021-12-02 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | A tailor-made survey documents consumer perceptions of the U.S.~economy’s response to a large shock: the advent of the COVID-19 pandemic. The survey ran at a daily frequency between March 2020 and July 2021. Consumer perceptions regarding output and inflation react rapidly. Uncertainty is pervasive. A business-cycle model calibrated to the consumer views provides an interpretation. The rise in household uncertainty amplifies the pandemic recession by a factor of three. Different perceptions about monetary policy can explain why consumers and professional forecasters agree on the recessionary impact, but have sharply divergent views about inflation. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Consumer expectations Survey Large shock Uncertainty monetary policy |
| URL | https://cepr.org/publications/dp16766 |
| 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/545701 |
| 推荐引用方式 GB/T 7714 | Alexander Dietrich,Keith Kuester,Gernot Müller,et al. DP16766 News and uncertainty about COVID-19: Survey evidence and short-run economic impact. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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