PL EN


2016 | 11 | 4 | 737-749
Article title

DISPERSION OF INFLATION EXPECTATIONS IN THE EUROPEAN UNION DURING THE GLOBAL FINANCIAL CRISIS

Content
Title variants
Languages of publication
EN
Abstracts
EN
Inflation expectations, both their median and dispersion, are of great importance to the effectiveness of monetary policy. The goal of this paper is to examine the impact of the global financial crisis on dispersion of inflation expectations in the European Union. Using European Commission’s survey data, we find that in the early phase of the crisis the dispersion dropped rapidly but then, after Lehman Brothers’ collapse, the trend reversed and these fluctuations cannot be explained by movements of inflation rates and other commonly used factors. We also observe that, in the new European Union member states, the initial drop of the dispersion was weaker whereas the subsequent rise was stronger as compared to the old member states.
Year
Volume
11
Issue
4
Pages
737-749
Physical description
Contributors
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-c528e508-d044-40b0-a775-9f33bebace97
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.