Deflation as Seen by Consumers

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Deflation as Seen by Consumers

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Deflation as Seen by Consumers

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Book of Abstracts of the 19th International Scientific Conference AMSE 2016

ISBN

9788089438037

ISSN

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e-ISSN

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Počet stran výsledku

11

Strana od-do

25

Název nakladatele

Obcianske združenie Financ, Banská Bystrica, Slovakia

Místo vydání

Banská Bystrica, Slovakia

Místo konání akce

Banská Štiavnica, Slovakia

Datum konání akce

1. 1. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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