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Where Do They Care?
Vegard Høghaug Larsen
Nicolò Maffei-Faccioli
Laura Pagenhardt
其他書名
The ECB in the Media and Inflation Expectations
出版
BI Norwegian Business School, Centre for Applied Macro - Petroleum economics (CAMP)
, 2023
ISBN
8283792733
9788283792737
URL
http://books.google.com.hk/books?id=omUL0AEACAAJ&hl=&source=gbs_api
註釋
This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the four largest euro area countries. Utilizing a unique dataset of multilingual European news articles, we measure the impact of ECB-related inflation news on inflation expectations. Our results indicate that German and Italian consumers are more attentive to this news, whereas in Spain and France, we observe no significant response. The research underscores the role of national media in disseminating ECB messages and the diverse reactions among consumers in different euro area countries.