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.
| 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
Research areas and keywords
- Economics
- Mikrodaten
- Panel
- USA
- Unvollkommene Information
- Inflationserwartung
- Rationalität
ASJC Scopus Subject Areas
- Economics and Econometrics
- Statistics, Probability and Uncertainty
- Social Sciences (miscellaneous)
- Statistics and Probability
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