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.
- Language
-
Englisch
- Bibliographic citation
-
Series: KOF Working Papers ; No. 301
- Classification
-
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
- Subject
-
inflation expectation formation
time-varying parameters
Bayesian methods
disagreement
media coverage
stochastic volatility
Inflationserwartung
Zeit
Informationsverhalten
Wirtschaftsinformation
Schätzung
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Lamla, Michael J.
Sarferaz, Samad
- Event
-
Veröffentlichung
- (who)
-
ETH Zurich, KOF Swiss Economic Institute
- (where)
-
Zurich
- (when)
-
2012
- DOI
-
doi:10.3929/ethz-a-007154484
- Handle
- Last update
-
20.09.2024, 8:25 AM CEST
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the 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
- Lamla, Michael J.
- Sarferaz, Samad
- ETH Zurich, KOF Swiss Economic Institute
Time of origin
- 2012
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