EconStor >
Humboldt-Universität zu Berlin >
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
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorStrohsal, Tillen_US
dc.contributor.authorWinkelmann, Larsen_US
dc.date.accessioned2012-03-01en_US
dc.date.accessioned2012-04-05T16:15:44Z-
dc.date.available2012-04-05T16:15:44Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/56667-
dc.description.abstractThis 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.isoengen_US
dc.publisherSFB 649, Economic Risk Berlinen_US
dc.relation.ispartofseriesSFB 649 discussion paper 2012-022en_US
dc.subject.jelE52en_US
dc.subject.jelE58en_US
dc.subject.jelC32en_US
dc.subject.ddc330en_US
dc.subject.keywordmonetary policyen_US
dc.subject.keywordanchoringen_US
dc.subject.keywordinflation expectationsen_US
dc.subject.keywordbreak even inflation ratesen_US
dc.subject.keywordESTAR modelen_US
dc.subject.stwInflationserwartungen_US
dc.subject.stwProspect Theoryen_US
dc.subject.stwBiasen_US
dc.subject.stwSchätzungen_US
dc.subject.stwUSAen_US
dc.subject.stwEurozoneen_US
dc.subject.stwGroßbritannienen_US
dc.subject.stwSchwedenen_US
dc.titleAssessing the anchoring of inflation expectationsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn687787297en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:SFB 649 Discussion Papers, HU Berlin

Files in This Item:
File Description SizeFormat
687787297.pdf499.96 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

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