Imperfect information and consumer inflation expectations: evidence from microdata
Research output: Journal contributions › Journal articles › Research › peer-review
Authors
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.
| Original language | English |
|---|---|
| Journal | Oxford Bulletin of Economics and Statistics |
| Volume | 79 |
| Issue number | 6 |
| Pages (from-to) | 933-968 |
| Number of pages | 36 |
| ISSN | 0305-9049 |
| DOIs | |
| Publication status | Published - 12.2017 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:
© 2017 The Department of Economics, University of Oxford and John Wiley & Sons Ltd
- Economics - Mikrodaten, Panel, USA, Unvollkommene Information, Inflationserwartung, Rationalität