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Author:Lamla, Michael 

Working Paper
Are Survey Expectations Theory-Consistent? The Role of Central Bank Communication and News

In this paper we analyze whether central bank communication can facilitate the understanding of key economic concepts. Using survey data for consumers and professionals, we calculate how many of them have expectations consistent with the Fisher Equation, the Taylor rule and the Phillips curve and test, by accounting for three different communication channels, whether central banks can influence those. A substantial share of participants has expectations consistent with the Fisher equation, followed by the Taylor rule and the Phillips curve. We show that having theory-consistent expectations ...
Finance and Economics Discussion Series , Paper 2015-35

Journal Article
Inflation: Drivers and Dynamics 2020 CEBRA Annual Meeting Session Summary

The Cleveland Fed’s Center for Inflation Research sponsored a session on inflation dynamics at the 2020 CEBRA annual meeting. The presentations focused on inflation expectations and firms’ price-setting behavior. This Economic Commentary summarizes the papers presented during the session.
Economic Commentary , Volume 2021 , Issue 03 , Pages 3

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Dräger, Lena 1 items

Knotek, Edward S. 1 items

Moench, Emanuel 1 items

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Rich, Robert W. 1 items

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