Individual Inflation Forecasts and Monetary Policy Announcements

Open Access
Authors
Publication date 12-2020
Journal Economics Letters
Article number 109602
Volume | Issue number 197
Number of pages 3
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
  • Faculty of Economics and Business (FEB)
Abstract Using a decomposition of US monetary policy shocks and inflation forecasts from Consensus Economics, we find that information and monetary policy shocks move inflation expectations in opposite directions. Better performing forecasters appear less reliant on the informational content of announcements.
Document type Article
Language English
Published at https://doi.org/10.1016/j.econlet.2020.109602
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