Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56667 
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dc.contributor.authorStrohsal, Tillen
dc.contributor.authorWinkelmann, Larsen
dc.date.accessioned2012-03-01-
dc.date.accessioned2012-04-05T16:15:44Z-
dc.date.available2012-04-05T16:15:44Z-
dc.date.issued2012-
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
dc.language.isoengen
dc.publisher|aHumboldt University of Berlin, Collaborative Research Center 649 - Economic Risk |cBerlinen
dc.relation.ispartofseries|aSFB 649 Discussion Paper |x2012-022en
dc.subject.jelE52en
dc.subject.jelE58en
dc.subject.jelC32en
dc.subject.ddc330en
dc.subject.keywordmonetary policyen
dc.subject.keywordanchoringen
dc.subject.keywordinflation expectationsen
dc.subject.keywordbreak even inflation ratesen
dc.subject.keywordESTAR modelen
dc.subject.stwInflationserwartungen
dc.subject.stwProspect Theoryen
dc.subject.stwBiasen
dc.subject.stwSchätzungen
dc.subject.stwUSAen
dc.subject.stwEurozoneen
dc.subject.stwGroßbritannienen
dc.subject.stwSchwedenen
dc.titleAssessing the anchoring of inflation expectations-
dc.typeWorking Paperen
dc.identifier.ppn687787297en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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