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Understanding Consumer Inflation Expectations during the COVID‐19 Pandemic

We study how individuals' formation of inflation expectations are affected by the stringent containment and economic support measures put in place during the COVID‐19 pandemic. Using the New York Fed Survey of Consumer Expectations (SCE) and the Oxford COVID‐19 Government Response Tracker (OxCGRT), we find that policies aimed at containing the pandemic lead to an increase in individuals' inflation expectations and inflation uncertainty. We also find some heterogeneity in the impact across different demographic groups.

Identiferoai:union.ndltd.org:DRESDEN/oai:qucosa:de:qucosa:89650
Date20 March 2024
CreatorsDetmers, Gunda‐Alexandra, Ho, Sui‐Jade, Karagedikli, Özer
PublisherWiley-Blackwell
Source SetsHochschulschriftenserver (HSSS) der SLUB Dresden
LanguageEnglish
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/publishedVersion, doc-type:article, info:eu-repo/semantics/article, doc-type:Text
Rightsinfo:eu-repo/semantics/openAccess
Relation1467-8462, 10.1111/1467-8462.12460

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