Explaining Disagreement on Interest Rates in a Taylor-Rule Setting

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

Most studies on disagreement focus on one specific variable, thereby neglecting the fact that disagreement can be co‐moving with disagreement on other variables. In this paper, we explore to what extent disagreement regarding the interest rate is driven by disagreement on inflation and unemployment. This relationship can be motivated by the theoretical concept of the Taylor rule. Using survey microdata for both professional forecasters and consumers, we provide evidence that disagreement on the interest rate is mainly driven by disagreement on inflation. We further show that disagreement is significantly influenced by central bank transparency, as well as news on money and credit conditions.
OriginalspracheEnglisch
ZeitschriftThe Scandinavian Journal of Economics
Jahrgang119
Ausgabenummer4
Seiten (von - bis)987-1009
Anzahl der Seiten23
ISSN0347-0520
DOIs
PublikationsstatusErschienen - 10.2017
Extern publiziertJa

DOI

Zuletzt angesehen

Publikationen

  1. The role of spatial ability when fostering mental animation in multimedia learning
  2. Computational history of knowledge
  3. Instruments for research on transition. Applied methods and approaches for exploring the transition of young care leavers to adulthood
  4. Working memory capacity and narrative task performance
  5. “Smart is not smart enough!” Anticipating critical raw material use in smart city concepts
  6. From teacher-centered instruction to peer tutoring in the heterogeneous international classroom
  7. Predator diversity and abundance provide little support for the enemies hypothesis in forests of high tree diversity
  8. Tracing Concepts
  9. Introduction
  10. Maschinenbelegungsplanung mit evolutionären Algorithmen
  11. Cross-hedging minimum return guarantees
  12. Atmospheric gas-particle partitioning versus gaseous/particle-bound deposition of SVOCs
  13. Importance of timing
  14. Article 21 Formal Validity
  15. Facing complex crime
  16. Mouseology – Ludic Interfaces – Zero Interfaces
  17. A(l)gora: the Mindscape
  18. Local Responses to Global Integration in a Transnational Professional Service Firm
  19. A qualitative approach to evidence-based entrepreneurship: Theoretical considerations and an example involving business clusters
  20. Fluorometer controlled apparatus designed for long-duration algal-feeding experiments and environmental effect studies with mussels
  21. The mediating role of entrepreneurial orientation in the task-environment-performance relationship
  22. The Plane of Obscurity — Simulation and Philosophy
  23. Towards a Multi-Level Approach to Studying Entrepreneurship in Professional Services
  24. Relationalität I+II
  25. A panel cointegration rank test with structural breaks and cross-sectional dependence
  26. Between the Front Lines