Imperfect information and consumer inflation expectations: evidence from microdata

Research output: Journal contributionsJournal articlesResearchpeer-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 languageEnglish
JournalOxford Bulletin of Economics and Statistics
Volume79
Issue number6
Pages (from-to)933-968
Number of pages36
ISSN0305-9049
DOIs
Publication statusPublished - 12.2017
Externally publishedYes

    Research areas

  • Economics - Mikrodaten, Panel, USA, Unvollkommene Information, Inflationserwartung, Rationalität

DOI