Imperfect information and consumer inflation expectations: evidence from microdata
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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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 Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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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 -