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Can consumers' inflation expectations help stabilise the economy?


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. ....

Noord Brabant , United States , Ioana Duca Radu , Geoff Kenny , Alberto Martin , Andreas Reuter , Louise Sagar , Michael Ehrmann , Economics Department , European Central Bank , Consumer Expectations , American Economic Association Papers , European Commission , Trinity College Dublin , Financial Affairs , Eu Programme Of Consumer , Central Bank Communications , Jackson Hole Economic Symposium , Joint Harmonised , Consumer Surveys , American Economic Journal , Economic Policy , Monetary Economics , Bank Communications , General Public , Economic Association Papers ,

Fintech Lending Apps are Increasingly Using AI and Machine Learning to Accurately Determine Borrower's Creditworthiness, According to Researchers


December 24, 2020 @ 6:52 pm By Omar Faridi
The financial sector is undergoing major technological advancements and changes. Traditional banking institutions now face a lot of competition from online or digital startups that have no physical branches.
Social media and other online platforms are branching out into payments and credit. The rise in demand for all-digital services has been accelerated by the COVID-19 pandemic. It’s “turbo-charging” this digital transformation, according to a recent blog post published by the
International Monetary Fund (IMF).
The blog post has been authored by
Arnoud Boot, Professor of Corporate Finance and Financial Markets at the
University of Amsterdam; ....

Zuid Holland , Noord Holland , Luc Laeven , Peter Hoffman , Lev Ratnovski , International Monetary Fund , Research Department , University Of Amsterdam , Research Of The European Central Bank , Arnoud Boot , Corporate Finance , Financial Markets , Financial Research Division , European Central Bank , Directorate General Research , Senior Economist , நூற்த் ஹாலண்ட் , பீட்டர் ஹாஃப்மேன் , சர்வதேச பண நிதி , ஆராய்ச்சி துறை , பல்கலைக்கழகம் ஆஃப் ஆம்ஸ்டர்டாம் , ஆராய்ச்சி ஆஃப் தி ஐரோப்பிய மைய வங்கி , பெருநிறுவன நிதி , நிதி சந்தைகள் , நிதி ஆராய்ச்சி பிரிவு , ஐரோப்பிய மைய வங்கி ,