We also look at households with anchored long-term inflation expectations. Only the una treatment has an effect on uncertainty: A unanimous decision reduces uncertainty, regardless of prior uncertainty. (5/5)

We find that information on unanimity and dissent is informative for households. Whether the treatments lead to more or less uncertainty depends on prior uncertainty. Interestingly, for 60% of households, both the una and dis treatments lead to less uncertainty. (4/5)

We run an RCT in the Bundesbank @bundesbank.de Online Panel Households to mirror this information provision.
We have three treatments:
-the decision was unanimous (una)
-there was dissent (dis)
-the decision was unanimous but that there were different opinions. (3/5)

We study the effect of the vote in the ECBs Governing Council on households' uncertainty regarding inflation expectations. Unlike the Fed or the Bank of England, the ECB doesn’t publish detailed voting results. We only learn about the vote in the press conference when journalists ask about it. (2/5)

Household expectations and dissent among policymakers This paper studies the impact of dissent in the ECB’s Governing Council on uncertainty surrounding households’ inflation expectations. We conduct a ra…

Our paper, “Household Expectations and Dissent Among Policymakers” (with @peterhtillmann.bsky.social ), is now published in the European Journal of Political Economy! www.sciencedirect.com/science/arti... A thread: (1/5)

Heute gleich zwei unserer aktuellen Papiere im "Sonntagsökonom" der FAS, u.a. mit @sinemkandemir.bsky.social und @moritzgrebe.bsky.social. Danke an Johannes Pennekamp: zeitung.faz.net/fas/wirtscha...

Are you interested in behavioral research in finance, governance, and accounting? Join us for the digital BFGA Conference on November 3rd. We have a strong lineup including a keynote by Theresa Kuchler. For more details and registration, see www.uni-giessen.de/de/fbz/zentr...

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