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2018-05-28Diskussionpapier DOI: 10.18452/19198
Inflation Expectations and the Recovery from the Great Depression in Germany
dc.contributor.authorDaniel, Volker
dc.contributor.authorter Steege, Lucas
dc.date.accessioned2018-05-28T13:07:31Z
dc.date.available2018-05-28T13:07:31Z
dc.date.issued2018-05-28none
dc.identifier.urihttp://edoc.hu-berlin.de/18452/19949
dc.description.abstractA regime shift towards increased in inflation expectations is credited with jumpstarting the recovery from the Great Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation expectations play at the start of this remarkable economic upturn? To answer this question, we study inflation expectations in Germany across two different methods: we conduct a narrative study of media sources and estimate inflation expectations from a FAVAR model. Consistently across these approaches, we do not find a shift to increased expected inflation. This recovery was different, and its causes lie elsewhere.eng
dc.language.isoengnone
dc.publisherHumboldt-Universität zu Berlin
dc.subjectInflation Expectationseng
dc.subjectGreat Depressioneng
dc.subjectInflation Forecastingeng
dc.subjectRegime Changeeng
dc.subjectGermanyeng
dc.subjectNarrative Evidenceeng
dc.subject.ddc330 Wirtschaftnone
dc.titleInflation Expectations and the Recovery from the Great Depression in Germanynone
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-110-18452/19949-3
dc.identifier.doihttp://dx.doi.org/10.18452/19198
local.edoc.container-titleWorking Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviournone
local.edoc.container-creatorNützenadel, Alexander/Streb, Jochennone
local.edoc.container-issn2510-053Xnone
local.edoc.pages47none
local.edoc.type-nameDiskussionpapier
local.edoc.institutionPhilosophische Fakultätnone
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-urlhttps://www.experience-expectation.de/working-papersnone
local.edoc.container-issue6
local.edoc.container-erstkatid2916406-0

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