[IHS Logo mit Schriftzug] <https://ihs.ac.at/> Research Seminar: Torsten Schmidt Inflation perception and the formation of inflation expectations 25th of May 2023, 12 am – 1.30 pm, Virtual / Salon – IHS, Josefstädter Straße 39, 1080 Vienna ________________________________ About the Event In this paper, we present a new indicator to measure the media coverage of inflation. Our Inflation Perception Indicator (IPI) for Germany is based on a corpus of three million articles published by broadsheet newspapers between January 2001 and February 2022. It is designed to detect thematic trends, thereby providing new insights into the dynamics of inflation perception over time. Methodically, the IPI makes use of RollingLDA, a dynamic topic modeling approach refining the rather static original LDA to allow for changes in the model’s structure over time. We then use time series for the overall inflation perception indicator as well as for specific topics to analyze time-varying correlations with time series for inflation expectations of firms and households. Our results reveal that the link between reporting about inflation and changes in inflation expectations is time-dependent. During periods of intensive newspaper coverage of inflation developments, a correlation with inflation expectations emerges that does not exist at other times. Such correlations are evident after the introduction of the euro, during the financial crisis and during the recent energy price shock. Participation We cordially invite you to this Research Seminar and ask you to please register at event@ihs.ac.at<mailto:event@ihs.ac.at>. You can also participate online<https://teams.microsoft.com/l/meetup-join/19%3ameeting_MWU0MzhkMDAtMWY3ZC00M2JmLTg5NGEtYjcwN2VjNjI0ZGE4%40thread.v2/0?context=%7b%22Tid%22%3a%2242c6edb4-d274-4be5-80f9-edfe8759785a%22%2c%22Oid%22%3a%224c385f38-d34f-4a23-87c1-68cb519d7047%22%7d>. ________________________________ Unsere Datenschutzerklärung finden Sie hier<https://ihs.ac.at/de/datenschutzerklaerung>. Impressum Institut für Höhere Studien, Josefstädter Straße 39, 1080 Vienna Tel: +43-1-59991-0 Fax: +43-1-59991-555 Email: office(at)ihs.ac.at Web: <mailto:office@ihs.ac.at> https://www.ihs.ac.at/ ZVR-Zahl: 066207973 DVR-Zahl: 0003921 <https://www.ihs.ac.at/>