Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/195578 
Autor:innen: 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
IW-Report No. 15/2019
Verlag: 
Institut der deutschen Wirtschaft (IW), Köln
Zusammenfassung: 
Pessimism determines the experts' predictions for the second and third quarter of 2019 which can be inferred from the downward revisions of the experts' forecasts. All in all, more downward revisions than upward revisions can be found in the forecasts indicating that the experts have interpreted the incoming information between end of December 2018 and end of March 2019 as bad news. Part or the forecast revision for the interest rates is due to their subdued inflation and growth outlook. All experts have revised their growth outlooks for Germany and the Euro Area downwards. So were Inflation forecasts for Germany revised downwards by 12 experts and inflation outlooks for the Euro Area were revised downwards by 8 experts. The other part of the interest rate forecast revisions were due to revisions about the future part of monetary policy interest rates, which also reflect a subdued inflation and growth outlook. While no experts expect the ECB to change its monetary policy, 12 experts have revised their forecasts for the federal funds rate downwards.
JEL: 
G12
G17
Dokumentart: 
Research Report

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