Federal Reserve speakers on the agenda for Friday 24 September 2021
1245 GMT
0845 US ET Cleveland Fed President Loretta is scheduled to speak virtually before the Ohio Bankers League "Bouncing Back in the Post-Pandemic Economy" 2021 CEO Symposium By Eamonn Sheridan
Geldpolitik in Bewegung in Westeuropa und CE/SEE finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
EZB-Jahresbericht 2020 ecb.europa.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecb.europa.eu Daily Mail and Mail on Sunday newspapers.
Can consumers’ inflation expectations help stabilise the economy?
By Ioana Duca-Radu, Geoff Kenny and Andreas Reuter
Economists have argued that when interest rates set by policymakers cannot go any lower, the economy can be stabilised if consumers expect the rate of inflation to increase. Yet, the evidence for this stabilising effect has been very mixed. In this article we review new evidence from a monthly survey of over 25,000 individual consumers across the euro area showing that consumers are indeed more ready to spend if they expect inflation to be higher in the future. While generalised in the population, the stabilising effect is stronger when nominal interest rates are constrained at the lower bound.