Arbeitspapier
Updating inflation expectations
This paper investigates how inflation expectations evolve. In particular, we analyze the time-varying nature of the propensity to update expectations and its potential determinants. For this purpose we set up a flexible econometric model that tracks the formation of inflation expectations of consumers at each moment in time. We show that the propensity to update inflation expectations changes substantially over time and is related to the quantity and the quality of news.
- Sprache
-
Englisch
- Erschienen in
-
Series: KOF Working Papers ; No. 301
Klassifikation
Wirtschaft
Price Level; Inflation; Deflation
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
Monetary Policy
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Price Level; Inflation; Deflation
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
Monetary Policy
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Thema
inflation expectation formation
time-varying parameters
Bayesian methods
disagreement
media coverage
stochastic volatility
Inflationserwartung
Zeit
Informationsverhalten
Wirtschaftsinformation
Schätzung
Deutschland
time-varying parameters
Bayesian methods
disagreement
media coverage
stochastic volatility
Inflationserwartung
Zeit
Informationsverhalten
Wirtschaftsinformation
Schätzung
Deutschland
Ereignis
Geistige Schöpfung
(wer)
Lamla, Michael J.
Sarferaz, Samad
Sarferaz, Samad
Ereignis
Veröffentlichung
(wer)
ETH Zurich, KOF Swiss Economic Institute
(wo)
Zurich
(wann)
2012
- DOI
-
doi:10.3929/ethz-a-007154484
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lamla, Michael J.
- Sarferaz, Samad
- ETH Zurich, KOF Swiss Economic Institute
Entstanden
- 2012
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