Arbeitspapier
First-order and higher-order inflation expectations: Evidence about households and firms
We study first-order and higher-order inflation expectations of German households and firms elicited from surveys. The data allows to shed light on the relation between different orders of beliefs, and to derivate implications for noisy-information models with infinite regress. Moreover, since the elicited data is identical for households and firms, it also allows studying whether the relation between first-order and higher-order beliefs differs between the two samples. While we find that this relation is mostly identical between households and firms in our data, we identify differences to previously elicited data in the literature. We discuss potential sources for these differences and their theoretical implications.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Papers in Economics and Statistics ; No. 2023-10
- Classification
-
Wirtschaft
Expectations; Speculations
Price Level; Inflation; Deflation
Financial Forecasting and Simulation
- Subject
-
Inflation expectations
higher-order beliefs
noisy-information models
surveys
- Event
-
Geistige Schöpfung
- (who)
-
Kieren, Pascal
König-Kersting, Christian
Schmidt, Robert J.
Trautmann, Stefan T.
Theurich, Franziska
- Event
-
Veröffentlichung
- (who)
-
University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
- (where)
-
Innsbruck
- (when)
-
2023
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kieren, Pascal
- König-Kersting, Christian
- Schmidt, Robert J.
- Trautmann, Stefan T.
- Theurich, Franziska
- University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
Time of origin
- 2023
Other Objects (12)
First-order and higher-order inflation expectations : evidence about households and firms
On the Translation of Higher-Order Problems into First-Order Logic
Sound and complete translations from sorted higher-order logic into sorted first-order logic
First-order and second-order ambiguity aversion
First-order logic
First-order logic
Higher-Order Order-Sorted Resolution
First-order dynamic logic
Higher-Order Tableaux
Higher-order computability
First-Order Closure and the Monadic Second-Order Alternation Hierarchy
A smoothing test under first-order autoregressive processes and a first-order moving-average correction
First-order and higher-order inflation expectations : evidence about households and firms
On the Translation of Higher-Order Problems into First-Order Logic
Sound and complete translations from sorted higher-order logic into sorted first-order logic
First-order and second-order ambiguity aversion
First-order logic
First-order logic
Higher-Order Order-Sorted Resolution
First-order dynamic logic
Higher-Order Tableaux
Higher-order computability
First-Order Closure and the Monadic Second-Order Alternation Hierarchy
A smoothing test under first-order autoregressive processes and a first-order moving-average correction
First-order and higher-order inflation expectations : evidence about households and firms
On the Translation of Higher-Order Problems into First-Order Logic
Sound and complete translations from sorted higher-order logic into sorted first-order logic
First-order and second-order ambiguity aversion
First-order logic
First-order logic
Higher-Order Order-Sorted Resolution
First-order dynamic logic
Higher-Order Tableaux
Higher-order computability
First-Order Closure and the Monadic Second-Order Alternation Hierarchy