Detmers Gunda-Alexandra, Ho Sui-Jade, Karagedikli Özer
Aust Econ Rev. 2022 Mar;55(1):141-154. doi: 10.1111/1467-8462.12460. Epub 2022 Mar 3.
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.
我们研究了在新冠疫情期间实施的严格防控措施和经济支持措施如何影响个人通胀预期的形成。利用纽约联邦储备银行消费者预期调查(SCE)和牛津大学新冠疫情政府应对追踪器(OxCGRT),我们发现旨在控制疫情的政策会导致个人通胀预期和通胀不确定性上升。我们还发现不同人口群体在影响方面存在一些异质性。