TY  - UNPD
A1  - Dräger, Lena
A1  - Lamla, Michael J.
A1  - Pfajfar, Damjan
T1  - How to limit the spillover from an inflation surge to inflation expectations?
T2  - Working paper series / Institute for Monetary and Financial Stability ; 168
N2  - The authors study the effects of forward looking communication in an environment of rising inflation rates on German consumers‘ inflation expectations using a randomized control trial. They show that information about rising inflation increases short- and long-term inflation expectations. This initial increase in expectations can be mitigated using forward looking information about inflation. Among these information treatments, professional forecasters‘ projections seem to reduce inflation expectations by more than policymakers‘ characterization of inflation as a temporary phenomenon.
T3  - Working paper series / Institute for Monetary and Financial Stability - 168 
KW  - Short-run and long-run inflation expectations
KW  - inflation surge
KW  - randomized control trial
KW  - survey experiment
KW  - persistent or transitory inflation shock
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/65179
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-651790
IS  - July 4, 2022
PB  - Johann Wolfgang Goethe-Univ., Inst. for Monetary and Financial Stability
CY  - Frankfurt am Main
ER  -