Consumer's inflation expectations and monetary policy in Europe

J.M. Berk

Research output: Contribution to JournalArticleAcademic


This article analyses the effects of monetary policy decisions on inflation expectations of European consumers. Using a novel approach, I convert qualitative survey responses of consumers in various European countries into a quantitative time series of inflation expectations. I investigate the effects of unanticipated movements in interest rates and inflation on inflation expectations across European countries. I inter alia seek to explore whether the reaction differs of consumers in countries with more credible central banks than those in less credible countries. (JEL C31, C32, E58).
Original languageEnglish
Pages (from-to)122-133
Number of pages12
JournalContemporary Economic Policy
Publication statusPublished - 2002


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