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Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/56667
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Strohsal, Till | | en_US |
| dc.contributor.author | | Winkelmann, Lars | | en_US |
| dc.date.accessioned | | 2012-03-01 | | en_US |
| dc.date.accessioned | | 2012-04-05T16:15:44Z | | - |
| dc.date.available | | 2012-04-05T16:15:44Z | | - |
| dc.date.issued | | 2012 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/56667 | | - |
| dc.description.abstract | | This paper proposes an ESTAR modeling framework to analyze the anchoring of inflation expectations. Anchoring criteria are empirical estimates of a market implied inflation target as well as the strength of the anchor that holds expectations at the target. Results from daily financial market expectations in the United States, European Monetary Union, United Kingdom and Sweden indicate: First, shorter-term expectations are better anchored than longer-term expectations. Second, expectations are best anchored in the EU, followed by US, Sweden and UK. Third, during the crisis market implied targets mostly decline while the strength of the anchor remains mostly unaffected. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | SFB 649, Economic Risk Berlin | | en_US |
| dc.relation.ispartofseries | | SFB 649 discussion paper 2012-022 | | en_US |
| dc.subject.jel | | E52 | | en_US |
| dc.subject.jel | | E58 | | en_US |
| dc.subject.jel | | C32 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | monetary policy | | en_US |
| dc.subject.keyword | | anchoring | | en_US |
| dc.subject.keyword | | inflation expectations | | en_US |
| dc.subject.keyword | | break even inflation rates | | en_US |
| dc.subject.keyword | | ESTAR model | | en_US |
| dc.subject.stw | | Inflationserwartung | | en_US |
| dc.subject.stw | | Prospect Theory | | en_US |
| dc.subject.stw | | Bias | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.subject.stw | | Eurozone | | en_US |
| dc.subject.stw | | Großbritannien | | en_US |
| dc.subject.stw | | Schweden | | en_US |
| dc.title | | Assessing the anchoring of inflation expectations | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 687787297 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | SFB 649 Discussion Papers, HU Berlin
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