Deflation as Seen by Consumers

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00090634" target="_blank" >RIV/00216224:14560/16:00090634 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Deflation as Seen by Consumers
Original language description
The Great Recession has re-established discussion on the causes and consequences of deflation. Especially central bankers across the European Union started to warn about the threat of a deflationary spiral. Deflation has a negative impact particularly on the public finance of heavily indebted European governments. In this contribution we have analysed consumers’ expectations in a deflationary environment. The aim of this paper is to analyze consumers’ expectations in a deflationary environment using data from Consumer Expectations Survey conducted by the Directorate General for Economic and Financial Affairs as well as data on rates of inflation published by the Organisation for Economic Co-operation and Development were used. We have found that European consumers consider consumer’s prices as growing even during a deflation. Consumers are incompetent in predicting a future deflation. Current deflation does not help consumers to expect deflation in the following year.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Book of Abstracts of the 19th International Scientific Conference AMSE 2016
ISBN
9788089438037
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
25
Publisher name
Obcianske združenie Financ, Banská Bystrica, Slovakia
Place of publication
Banská Bystrica, Slovakia
Event location
Banská Štiavnica, Slovakia
Event date
Jan 1, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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