Updating inflation expectations
Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere
Authors
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.
Originalsprache | Englisch |
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Erscheinungsort | Zurich |
Verlag | KOF Swiss Economic Institute, ETH Zurich |
Anzahl der Seiten | 39 |
DOIs | |
Publikationsstatus | Erschienen - 03.2012 |
Extern publiziert | Ja |
Bibliographische Notiz
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- Volkswirtschaftslehre