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Updating Inflation Expectations
This paper investigates how inflation expectations evolve. In particular, we analyze the time-varying nature of the propensity to update expectations and its potential determinants. For this purpose we set up a flexible econometric model that tracks the formation of inflation expectations of consume...
שמור ב:
| הוצא לאור ב: | MAGKS - Joint Discussion Paper Series in Economics (Band 16-2012) |
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| Autoren: | , |
| פורמט: | Arbeit |
| שפה: | אנגלית |
| יצא לאור: |
Philipps-Universität Marburg
2012
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| נושאים: | |
| גישה מקוונת: | PDF-Volltext |
| תגים: |
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| סיכום: | This paper investigates how inflation expectations evolve. In particular, we analyze the time-varying nature of the propensity to update expectations and its potential determinants. For this purpose we set up a flexible econometric model that tracks the formation of inflation expectations of consumers at each moment in time. We show that the propensity to update inflation expectations changes substantially over time and is related to the quantity and the quality of news. |
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| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0130 |