EconStor >
Eidgenössische Technische Hochschule (ETH) Zürich >
KOF Konjunkturforschungsstelle, ETH Zürich >
KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/50362
  
Title:The euro cash changeover, inflation perceptions and the media PDF Logo
Authors:Lamla, Michael J.
Lein, Sarah M.
Issue Date:2010
Series/Report no.:KOF working papers // KOF Swiss Economic Institute, ETH Zurich 254
Abstract:In the aftermath of the euro cash changeover consumers' inflation perceptions rose substantially in the euro area countries while actual inflation figures remained almost unchanged. During that period media reporting on the potentially large inflationary effect of the euro introduction intensified. In this paper we argue that the information set of the public has been distorted through the significant slant in the media. Employing an unique dataset for Germany, we provide evidence that media reporting has a statistically significant and economically meaningful impact on inflation perceptions and contributed to their sharp rise in the aftermath of the euro cash changeover.
Subjects:Monetary policy
inflation perceptions
media coverage
media bias
JEL:E52
D83
Persistent Identifier of the first edition:doi:10.3929/ethz-a-005985378
Document Type:Working Paper
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

Files in This Item:
File Description SizeFormat
640480748.pdf331.83 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/50362

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.