Understanding Consumer Inflation Expectations during the COVID-19 Pandemic

IF 1 4区经济学 Q3 ECONOMICS

Australian Economic Review Pub Date : 2022-03-03 DOI:10.1111/1467-8462.12460

Gunda-Alexandra Detmers, Sui-Jade Ho, Özer Karagedikli

引用次数: 6

Abstract

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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了解COVID-19大流行期间的消费者通胀预期

我们研究了COVID-19大流行期间实施的严格遏制和经济支持措施如何影响个人通胀预期的形成。利用纽约联储消费者预期调查(SCE)和牛津COVID-19政府应对追踪器(OxCGRT)，我们发现旨在遏制大流行的政策导致个人通胀预期和通胀不确定性的增加。我们还发现不同人口群体的影响存在一些异质性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Australian Economic Review ECONOMICS-

CiteScore

1.90

自引率

10.00%

发文量

期刊介绍： An applied economics journal with a strong policy orientation, The Australian Economic Review publishes high-quality articles applying economic analysis to a wide range of macroeconomic and microeconomic topics relevant to both economic and social policy issues. Produced by the Melbourne Institute of Applied Economic and Social Research, it is the leading journal of its kind in Australia and the Asia-Pacific region. While it is of special interest to Australian academics, students, policy makers, and others interested in the Australian economy, the journal also considers matters of international interest.