Navigating the well-being effects of monetary policy:Evidence from the European Central Bank
| dc.rights.license | open | en_US |
| hal.structure.identifier | Bordeaux Sciences Economiques [BSE] | |
| dc.contributor.author | EL HERRADI, El Mehdi | |
| hal.structure.identifier | Université de Bordeaux [UB] | |
| hal.structure.identifier | Bordeaux Sciences Economiques [BSE] | |
| dc.contributor.author | LEROY, Aurelien
IDREF: 197655467 | |
| dc.date.accessioned | 2022-09-12T13:27:55Z | |
| dc.date.available | 2022-09-12T13:27:55Z | |
| dc.identifier.uri | https://oskar-bordeaux.fr/handle/20.500.12278/142304 | |
| dc.description.abstractEn | This paper assesses whether monetary policy announcements have an impact on households’ (subjective) well-being by analysing life satisfaction on the days before and after monetary surprises in Germany. To do so, we use individual-level information on life satisfaction from the German Socio-Economic Panel (SOEP) survey and identify the day on which each answer is submitted to the survey. We also exploit the Euro Area Monetary Policy event study Database (EA-MPD) to obtain daily-level information on European Central Bank (ECB) monetary surprises. Our results show that life satisfaction is significantly affected by monetary policy surprises: tightening surprises decrease life satisfaction, while easing surprises increase it. | |
| dc.language.iso | EN | en_US |
| dc.rights | Attribution 3.0 United States | * |
| dc.rights.uri | http://creativecommons.org/licenses/by/3.0/us/ | * |
| dc.subject.en | Monetary policy | |
| dc.subject.en | Subjective Well-Being | |
| dc.subject.en | Survey data | |
| dc.subject.en | European Central Bank | |
| dc.title.en | Navigating the well-being effects of monetary policy:Evidence from the European Central Bank | |
| dc.type | Document de travail - Pré-publication | en_US |
| dc.subject.hal | Sciences de l'Homme et Société/Economies et finances | |
| dc.subject.jel | E - Macroeconomics and Monetary Economics::E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit::E52 - Monetary Policy | en_US |
| dc.subject.jel | E - Macroeconomics and Monetary Economics::E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit::E58 - Central Banks and Their Policies | en_US |
| dc.subject.jel | I - Health, Education, and Welfare::I3 - Welfare, Well-Being, and Poverty::I31 - General Welfare, Well-Being | en_US |
| bordeaux.hal.laboratories | Bordeaux Sciences Economiques / Bordeaux School of Economics -BSE) - UMR 6060 | en_US |
| bordeaux.institution | Université de Bordeaux | en_US |
| bordeaux.institution | CNRS | en_US |
| hal.identifier | hal-03897994 | |
| hal.version | 1 | |
| hal.date.transferred | 2022-12-14T10:05:52Z | |
| hal.export | true | |
| dc.rights.cc | CC BY | en_US |
| bordeaux.COinS | ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.au=EL%20HERRADI,%20El%20Mehdi&LEROY,%20Aurelien&rft.genre=preprint |
