Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/50362
Authors: 
Lamla, Michael J.
Lein, Sarah M.
Year of Publication: 
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: 
Document Type: 
Working Paper

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