Individual inflation forecasts and monetary policy announcements

Jakob de Haan; Kostas Mavromatis; Garyn Tan

doi:10.1016/j.econlet.2020.109602

Individual inflation forecasts and monetary policy announcements

Jakob de Haan^*, Kostas Mavromatis, Garyn Tan

^*Corresponding author voor dit werk

Global Economics & Management

Onderzoeksoutput › Academic › peer review

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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.

Originele taal-2	English
Artikelnummer	109602
Aantal pagina's	3
Tijdschrift	Economics Letters
Volume	197
DOI's	https://doi.org/10.1016/j.econlet.2020.109602
Status	Published - dec.-2020

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10.1016/j.econlet.2020.109602Licentie: CC BY

Individual inflation forecasts and monetary policy announcementsFinal publisher's version, 488 KBLicentie: CC BY

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@article{56fef95a0028435ea9e2459e9e268136,

title = "Individual inflation forecasts and monetary policy announcements",

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.",

keywords = "Inflation forecasts, Consensus forecasts, Monetary policy shocks, Information shocks",

author = "{de Haan}, Jakob and Kostas Mavromatis and Garyn Tan",

note = "Publisher Copyright: {\textcopyright} 2020 The Author(s)",

year = "2020",

month = dec,

doi = "10.1016/j.econlet.2020.109602",

language = "English",

volume = "197",

journal = "Economics Letters",

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T1 - Individual inflation forecasts and monetary policy announcements

AU - de Haan, Jakob

AU - Mavromatis, Kostas

AU - Tan, Garyn

PY - 2020/12

Y1 - 2020/12

N2 - 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.

AB - 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.

KW - Inflation forecasts

KW - Consensus forecasts

KW - Monetary policy shocks

KW - Information shocks

U2 - 10.1016/j.econlet.2020.109602

DO - 10.1016/j.econlet.2020.109602

M3 - Article

SN - 0165-1765

VL - 197

JO - Economics Letters

JF - Economics Letters

M1 - 109602

ER -

Individual inflation forecasts and monetary policy announcements

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