Inflation expectations & central bank communication

Thesis

This thesis studies how households form and report inflation expectations, and how communication can be used as a policy tool to guide these macroeconomic expectations. I use a combination of big data, experiments, and theoretical modeling to address critical questions: Is central bank communication successfully reaching the public? What is the role of the messenger for this communication? And does it matter how macroeconomic expectations are elicited?

Chapter 1, “The Messenger Ma...

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Authors: Wabitsch, A

• DOI: 10.5287/ora-qrrq4erxg
• Type of award: DPhil
• Level of award: Doctoral
• Awarding institution: University of Oxford
• Language: English
• Keywords: survey methodology games; ingroup effects; central bank communication; monetary policy; inflation expectations; non-experts; coordination; social media
• Subjects: Economics