Understanding Consumer Inflation Expectations during the COVID-19 Pandemic

Gunda Alexandra Detmers; Sui Jade Ho; Özer Karagedikli

doi:10.1111/1467-8462.12460

Understanding Consumer Inflation Expectations during the COVID-19 Pandemic

Gunda Alexandra Detmers, Sui Jade Ho, Özer Karagedikli^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

8 Citations (Scopus)

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.

Original language	English
Pages (from-to)	141-154
Number of pages	14
Journal	Australian Economic Review
Volume	55
Issue number	1
DOIs	https://doi.org/10.1111/1467-8462.12460
Publication status	Published - Mar 2022
Externally published	Yes

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Understanding Consumer Inflation Expectations during the COVID-19 Pandemic

Abstract

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