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Does the central banker type affect inflation expectations?

Author

Listed:
  • Helder Ferreira de Mendonça

    (Fluminense Federal University and CNPq)

  • Pedro Mendes Garcia

    (Institute for Applied Economic Research)

Abstract

Based on the Brazilian data, this paper shows empirical evidence regarding the effect of central banker type (weak or strong) on the content of survey-based and market-based inflation expectations for explaining realized inflation. The findings indicate that the content of survey-based and market-based inflation expectations explaining the realized inflation is sensitive to the central banker type.

Suggested Citation

  • Helder Ferreira de Mendonça & Pedro Mendes Garcia, 2021. "Does the central banker type affect inflation expectations?," Economics Bulletin, AccessEcon, vol. 41(1), pages 93-102.
    • Handle: RePEc:ebl:ecbull:eb-20-00225
    as

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    References listed on IDEAS

    as
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    7. José Vicente & Daniela Kubudi, 2018. "Extracting inflation risk premium from nominal and real bonds using survey information," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 45(2), pages 307-325, May.
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    Citations

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    Cited by:

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    2. Gabriel Caldas Montes & Victor Maia, 2023. "The reaction of disagreements in inflation expectations to fiscal sentiment obtained from information in official communiqués," Bulletin of Economic Research, Wiley Blackwell, vol. 75(4), pages 828-859, October.

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    More about this item

    Keywords

    inflation expectations; survey of forecasters; monetary policy; central bank;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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