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Autor:
Pfäuti, Oliver
At the outbreak of the recent inflation surge, the public's attention to inflation was low but increased quickly once inflation started to rise. In this paper, I quantify when and by how much the public's attention to inflation changes, and derive th
Externí odkaz:
http://arxiv.org/abs/2308.09480
Autor:
Pfäuti, Oliver
I propose an approach to quantify attention to inflation in the data and show that the decrease in the volatility and persistence of U.S. inflation after the Great Inflation period was accompanied by a decline in the public's attention to inflation.
Externí odkaz:
http://arxiv.org/abs/2105.05297
Publikováno v:
In Journal of Monetary Economics July 2024
Akademický článek
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Publikováno v:
NBER Working Papers; Apr2024, Issue 32282-32376, Preceding p1-50, 51p
Autor:
Pfäuti, Oliver
This dissertation contains three chapters on macroeconomics and monetary economics with a particular focus on how subjective beliefs and behavioral biases matter for the conduct of monetary policy. In the first chapter, which is joint work with Fabia
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______2393::72fe5372856d9be4c177c19e68835333
https://madoc.bib.uni-mannheim.de/64569/
https://madoc.bib.uni-mannheim.de/64569/
Autor:
Pfäuti, Oliver, Seyrich, Fabian
We develop a New Keynesian model with household heterogeneity and bounded rationality in the form of cognitive discounting. The interaction of household heterogeneity and bounded rationality generates amplification of monetary and fiscal policy throu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::442dd891b741708ca745f9be4bd808ea
https://hdl.handle.net/10419/262208
https://hdl.handle.net/10419/262208