Arbeitspapier
Inflation expectation formation of German consumers: rational or adaptive?
This paper analyzes the inflation expectation formation empirically for German consumers. The expectation formation process is analyzed for a representative consumer and for different demographic groups. The results indicate that German consumers are a relatively homogeneous group. There are nevertheless quantitative differences among the groups: Inflation expectations and perceived inflation tend to fall with rising income and unemployed individuals are outliers. Rational inflation expectation is not present for any group. Consumer and expert expectations have short and long run relationships. Evidence for a positive constant gain in the adaptive learning algorithm is given for almost all groups.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper Series in Economics ; No. 100
- Klassifikation
-
Wirtschaft
Classification Discontinued 2008. See C83.
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Expectations; Speculations
Price Level; Inflation; Deflation
- Thema
-
Inflation expectations
conversion method
survey data
rationality tests
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sabrowski, Henry
- Ereignis
-
Veröffentlichung
- (wer)
-
Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre
- (wo)
-
Lüneburg
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Sabrowski, Henry
- Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre
Entstanden
- 2008
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