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...
保存先:
出版年: | MAGKS - Joint Discussion Paper Series in Economics (Band 16-2012) |
---|---|
主要な著者: | , |
フォーマット: | Arbeit |
言語: | 英語 |
出版事項: |
Philipps-Universität Marburg
2012
|
主題: | |
オンライン・アクセス: | PDFフルテキスト |
タグ: |
タグ追加
タグなし, このレコードへの初めてのタグを付けませんか!
|
要約: | 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 |