Arbeitspapier

Household Inflation Expectations: Information Gathering, Inattentive or 'Stubborn'?

zu Verbundenen Objekten

The purpose of this paper is to investigate the microfoundations of how non-experts' (or general public) form inflation expectations. Using a unique dataset we investigate the range of near rational inflation expectations. An important contribution to understanding how non-experts form their expectations is 'sticky information expectations', specifically the epidemiological model. Our analysis uses an extended version of the epidemiological model. We find that the general public are best depicted as those who are either information gathers or inattentive. In addition, the inattentive general public can be either forward-looking or 'stubborn', that is persistent.

Sprache
Englisch

Erschienen in
Series: Quaderni - Working Paper DSE ; No. 853

Klassifikation
Wirtschaft
Expectations; Speculations
Price Level; Inflation; Deflation

Ereignis
Geistige Schöpfung
(wer)
Easaw, Joshy
Golinelli, Roberto
Ereignis
Veröffentlichung
(wer)
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
(wo)
Bologna
(wann)
2012

DOI
doi:10.6092/unibo/amsacta/3911
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Original beim Datenpartner anzeigen

Objekttyp

  • Arbeitspapier

Beteiligte

  • Easaw, Joshy
  • Golinelli, Roberto
  • Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

Entstanden

  • 2012

Ähnliche Objekte (12)

Household inflation expectations and inflation dynamics

Arbeitspapier

Household inflation expectations and inflation dynamics

Households' probabilistic inflation expectations in high-inflation regimes

Arbeitspapier

Households' probabilistic inflation expectations in high-inflation regimes

Households' probabilistic inflation expectations in high-inflation regimes

Households' probabilistic inflation expectations in high-inflation regimes

Households' probabilistic inflation expectations in high-inflation regimes

Arbeitspapier

Households' probabilistic inflation expectations in high-inflation regimes

What matters in households' inflation expectations?

Arbeitspapier

What matters in households' inflation expectations?

Inflation expectations and choices of households

Inflation expectations and choices of households

Inflation expectations and choices of households

Arbeitspapier

Inflation expectations and choices of households

What Matters in Households' Inflation Expectations?

Arbeitspapier

What Matters in Households' Inflation Expectations?

Forceful or persistent: Wow the ECB's new inflation target affects households' inflation expectations

Arbeitspapier

Forceful or persistent: Wow the ECB's new inflation target affects households' inflation expectations

Forceful or persistent: how the ECB's new inflation target affects households' inflation expectations

Forceful or persistent: how the ECB's new inflation target affects households' inflation expectations

Household Inflation Expectations and Preferences 2: Kognitiver Pretest

Arbeitspapier | Working paper

Household Inflation Expectations and Preferences 2: Kognitiver Pretest

Household forming inflation expectations: Why do they 'overreact'?

Arbeitspapier

Household forming inflation expectations: Why do they 'overreact'?

Verbundene Objekte