Imperfect information and consumer inflation expectations: evidence from microdata

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

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Imperfect information and consumer inflation expectations: evidence from microdata. / Dräger, Lena; Lamla, Michael.
in: Oxford Bulletin of Economics and Statistics, Jahrgang 79, Nr. 6, 12.2017, S. 933-968.

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

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@article{0b112f564f204596ad54e4e48d169100,
title = "Imperfect information and consumer inflation expectations: evidence from microdata",
abstract = "This paper explores which factors trigger an adjustment in consumers{\textquoteright} inflation expectations and looks at the implications regarding forecast errors. We find support for imperfect information models, as inflation volatility and news trigger an adjustment in expectations. Furthermore, we document that individual expectations become more accurate if they have been adjusted.",
keywords = "Economics, Mikrodaten, Panel, USA, Unvollkommene Information, Inflationserwartung, Rationalit{\"a}t",
author = "Lena Dr{\"a}ger and Michael Lamla",
year = "2017",
month = dec,
doi = "10.1111/obes.12189",
language = "English",
volume = "79",
pages = "933--968",
journal = "Oxford Bulletin of Economics and Statistics",
issn = "0305-9049",
publisher = "Wiley-Blackwell Publishing Ltd.",
number = "6",

}

RIS

TY - JOUR

T1 - Imperfect information and consumer inflation expectations

T2 - evidence from microdata

AU - Dräger, Lena

AU - Lamla, Michael

PY - 2017/12

Y1 - 2017/12

N2 - This paper explores which factors trigger an adjustment in consumers’ inflation expectations and looks at the implications regarding forecast errors. We find support for imperfect information models, as inflation volatility and news trigger an adjustment in expectations. Furthermore, we document that individual expectations become more accurate if they have been adjusted.

AB - This paper explores which factors trigger an adjustment in consumers’ inflation expectations and looks at the implications regarding forecast errors. We find support for imperfect information models, as inflation volatility and news trigger an adjustment in expectations. Furthermore, we document that individual expectations become more accurate if they have been adjusted.

KW - Economics

KW - Mikrodaten

KW - Panel

KW - USA

KW - Unvollkommene Information

KW - Inflationserwartung

KW - Rationalität

U2 - 10.1111/obes.12189

DO - 10.1111/obes.12189

M3 - Journal articles

VL - 79

SP - 933

EP - 968

JO - Oxford Bulletin of Economics and Statistics

JF - Oxford Bulletin of Economics and Statistics

SN - 0305-9049

IS - 6

ER -

DOI

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