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PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
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CALSCALE:GREGORIAN
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UID:diw_01.c.607520.en
LOCATION:Joan Robinson Room,DIW Berlin,3.3.002a,Anton-Wilhelm-Amo-Strasse 58,10117 Berlin
SUMMARY:"News-driven inflation expectations and information rigidities"
DESCRIPTION:12:00-13:15 // We investigate the role played by the media in the expectations formation process of households. Using a novel news-topic-based approach we show that the news types the media choose to report on are good predictors of households' stated ination expectations. In turn, in a noisy information model setting, augmented with a simple media channel, we show that the underlying time series properties of relevant news topics explain the time-varying information rigidity among households. As such, we not only provide a new estimate on the degree of time variation in households' information rigidity, but also provide, using a large news corpus and machine learning algorithms, robust and new evidence highlighting the role of the media for understanding ination expectations and information rigidities.
DTSTART;VALUE=DATE:20190116
DTEND;VALUE=DATE:20190116
DTSTAMP:20180816T220000Z
URL:https://www.diw.de/en/diw_01.c.607520.en/events/news-driven_inflation_expectations_and_information_rigidities.html
ORGANIZER;CN=Max Hanisch:mailto:mhanisch@diw.de
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