Imperfect information and consumer inflation expectations: evidence from microdata

Lena Dräger; Michael Lamla

doi:10.1111/obes.12189

Imperfect information and consumer inflation expectations: evidence from microdata

Lena Dräger
, Michael Lamla

Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › Begutachtung

22 Zitate (Scopus)

Abstract

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.

Originalsprache	Englisch
Zeitschrift	Oxford Bulletin of Economics and Statistics
Jahrgang	79
Ausgabenummer	6
Seiten (von - bis)	933-968
Seitenumfang	36
ISSN	0305-9049
DOIs	https://doi.org/10.1111/obes.12189
Publikationsstatus	Erschienen - 12.2017
Extern publiziert	Ja

Bibliographische Notiz

Publisher Copyright:
© 2017 The Department of Economics, University of Oxford and John Wiley & Sons Ltd

Fachgebiete und Schlagwörter

Volkswirtschaftslehre

ASJC Scopus Sachgebiete

Volkswirtschaftslehre und Ökonometrie
Statistik, Wahrscheinlichkeit und Ungewissheit
Sozialwissenschaften (sonstige)
Statistik und Wahrscheinlichkeit

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10.1111/obes.12189

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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.",

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KW - Economics

KW - Mikrodaten

KW - Panel

KW - USA

KW - Unvollkommene Information

KW - Inflationserwartung

KW - Rationalität

UR - https://www.scopus.com/pages/publications/85019648665

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DO - 10.1111/obes.12189

M3 - Journal articles

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Imperfect information and consumer inflation expectations: evidence from microdata

Abstract

Bibliographische Notiz

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ASJC Scopus Sachgebiete

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