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The Power of The Press: An Experimental Investigation into News-driven Inflation Expectations

Sirin, John Bahadir LU (2023) EOSK12 20231
Department of Economic History
Abstract
This study investigates the extent to which news affects individuals' inflation expectations through an innovative experimental design. The results show that news treatment significantly affects inflation expectations, with varying degrees of impact observed across different inflation regimes. Furthermore, the study reports differences between sexes, with women reacting more strongly to news treatment than men. These findings hold important implications for central banks and policymakers as they emphasize the significance of considering the effects of news coverage on shaping inflation expectations. Moreover, the identified heterogeneities between sexes offer valuable insights for policymakers seeking to tailor their strategies and... (More)
This study investigates the extent to which news affects individuals' inflation expectations through an innovative experimental design. The results show that news treatment significantly affects inflation expectations, with varying degrees of impact observed across different inflation regimes. Furthermore, the study reports differences between sexes, with women reacting more strongly to news treatment than men. These findings hold important implications for central banks and policymakers as they emphasize the significance of considering the effects of news coverage on shaping inflation expectations. Moreover, the identified heterogeneities between sexes offer valuable insights for policymakers seeking to tailor their strategies and interventions to specific subsets of the population based on their inflation expectations. (Less)
Please use this url to cite or link to this publication:
author
Sirin, John Bahadir LU
supervisor
organization
course
EOSK12 20231
year
type
M2 - Bachelor Degree
subject
keywords
inflation, media, experiment, expectations, policy
language
English
id
9131525
date added to LUP
2023-08-30 08:08:46
date last changed
2023-08-30 08:08:46
@misc{9131525,
  abstract     = {{This study investigates the extent to which news affects individuals' inflation expectations through an innovative experimental design. The results show that news treatment significantly affects inflation expectations, with varying degrees of impact observed across different inflation regimes. Furthermore, the study reports differences between sexes, with women reacting more strongly to news treatment than men. These findings hold important implications for central banks and policymakers as they emphasize the significance of considering the effects of news coverage on shaping inflation expectations. Moreover, the identified heterogeneities between sexes offer valuable insights for policymakers seeking to tailor their strategies and interventions to specific subsets of the population based on their inflation expectations.}},
  author       = {{Sirin, John Bahadir}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Power of The Press: An Experimental Investigation into News-driven Inflation Expectations}},
  year         = {{2023}},
}