Updating Inflation Expectations

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...

Descrizione completa

Salvato in:
Dettagli Bibliografici
Pubblicato in:MAGKS - Joint Discussion Paper Series in Economics (Band 16-2012)
Autori principali: Lamla, Michael J., Sarferaz, Samad
Natura: Arbeit
Lingua:inglese
Pubblicazione: Philipps-Universität Marburg 2012
Soggetti:
time-varying parameters
inflation expectation formation
Bayesian methods, disagreement
stochastic volatility.
media coverage
Wirtschaft
Economics
Accesso online:PDF Full Text
Tags: Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
Descrizione
Riassunto: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.
ISSN:1867-3678
DOI:10.17192/es2024.0130

Documenti analoghi