Browsing by Subject "Expectations"
Now showing items 1-4 of 4
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Article
Consumers’ updating and policy shocks: An empirical assessment of state dependencies
(Cambridge University Press, 2022-12)We assess the impact of fiscal and monetary policy shocks on US survey-based consumer expectations within states of low and high public debt. Following an unexpected increase in government spending, consumption intentions ...
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Article
Exact bounds for the expectations of order statistics from non-negative populations
(1997)Some new exact bounds for the expected values of order statistics, under the assumption that the parent population is non-negative, are obtained in terms of the population mean. Similar bounds for the differences of any ...
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Working Paper
Inflation expectations and monetary policy surprises
(2017-01)We use monthly data across fifteen euro-area economies for the period 1985:1-2015:3 to obtain monetary policy changes that can be regarded as surprises for different types of consumers. A novel feature of our empirical ...
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Article
Public debt and state-dependent effects of fiscal policy in the euro area
(2023-02)We investigate public debt related state dependencies of fiscal policy shocks for fifteen euro area economies during the period from 2000:Q1 to 2019:Q4. Our estimated impulse response functions suggest that the impact of ...