Piero Cipollone: The confidence to act: monetary policy and the role of wages during the disinflation process

This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.

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ECBECB
URL: 
https://www.ecb.europa.eu//press/key/date/2024/html/ecb.sp240327~30a05c6862.en.htmlhttps://www.ecb.europa.eu//press/key/date/2024/html/ecb.sp240327~30a05c6862.en.html
Retrieved on: 
onsdag, april 3, 2024
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Tags: 
Reproduction, BLS, Relaxation, Frankfurt, Survey of Professional Forecasters, European Commission, PRISMA, Bocconi University, Speech, Employment, House, ECB, Blog, Hoarding, Risk, Shock, Policy, Observation, Communication, Panetta, GDP, Fiscal policy, Watcher, Depression, Projection, PMI, Disinflation, PCCI, Food, Insurance, Credit, Persistent, Personal ordinariate, European Central Bank, The, Conference, Growth, Stagnation, Environment, COVID-19, Common, HICP, United, Price, Dairy
Geotags: 
LAGARDE, CENTRAL, UKRAINE, GERMANY, UNITED STATES
Sammanfattning
Key Points: 
  • This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.
  • The findings suggest that households have primarily adjusted their consumption spending to cope with higher inflation.
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