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 (OxCG...

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Autores principales: Detmers, Gunda‐Alexandra, Ho, Sui‐Jade, Karagedikli, Özer
Formato: Online Artículo Texto
Lenguaje:English
Publicado: John Wiley and Sons Inc. 2022
Materias:
Policy Forum: Inflation Expectations
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9111270/
https://www.ncbi.nlm.nih.gov/pubmed/35601136
http://dx.doi.org/10.1111/1467-8462.12460
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author Detmers, Gunda‐Alexandra
Ho, Sui‐Jade
Karagedikli, Özer
author_facet Detmers, Gunda‐Alexandra
Ho, Sui‐Jade
Karagedikli, Özer
author_sort Detmers, Gunda‐Alexandra
collection PubMed
description 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.
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spelling pubmed-91112702022-05-17 Understanding Consumer Inflation Expectations during the COVID‐19 Pandemic Detmers, Gunda‐Alexandra Ho, Sui‐Jade Karagedikli, Özer Aust Econ Rev Policy Forum: Inflation Expectations 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. John Wiley and Sons Inc. 2022-03-03 2022-03 /pmc/articles/PMC9111270/ /pubmed/35601136 http://dx.doi.org/10.1111/1467-8462.12460 Text en © 2022 The Authors. The Australian Economic Review published by John Wiley & Sons Australia, Ltd on behalf of The University of Melbourne, Melbourne Institute: Applied Economic & Social Research, Faculty of Business and Economics https://creativecommons.org/licenses/by-nc-nd/4.0/This is an open access article under the terms of the http://creativecommons.org/licenses/by-nc-nd/4.0/ (https://creativecommons.org/licenses/by-nc-nd/4.0/) License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non‐commercial and no modifications or adaptations are made.
spellingShingle Policy Forum: Inflation Expectations
Detmers, Gunda‐Alexandra
Ho, Sui‐Jade
Karagedikli, Özer
Understanding Consumer Inflation Expectations during the COVID‐19 Pandemic
title Understanding Consumer Inflation Expectations during the COVID‐19 Pandemic
title_full Understanding Consumer Inflation Expectations during the COVID‐19 Pandemic
title_fullStr Understanding Consumer Inflation Expectations during the COVID‐19 Pandemic
title_full_unstemmed Understanding Consumer Inflation Expectations during the COVID‐19 Pandemic
title_short Understanding Consumer Inflation Expectations during the COVID‐19 Pandemic
title_sort understanding consumer inflation expectations during the covid‐19 pandemic
topic Policy Forum: Inflation Expectations
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9111270/
https://www.ncbi.nlm.nih.gov/pubmed/35601136
http://dx.doi.org/10.1111/1467-8462.12460
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