Journal article | Zeitschriftenartikel
Modelling the General Public's Inflation Expectations Using the Michigan Survey Data
In this paper we discuss a few models developed to explain the general public's inflation expectations formation and provide some relevant estimation results. Furthermore, we suggest a simple Bayesian learning model which could explain the expectations formation process on the individual level. When the model is aggregated to the population level it could explain not only the mean values, but also the variance of the public’s inflation expectations. The estimation results of the mean and variance equations seem to be consistent with the results of the questionnaire studies in which the respondents were asked to report their thoughts and opinions about inflation.
- Extent
-
Seite(n): 1311-1320
- Language
-
Englisch
- Notes
-
Status: Postprint; begutachtet (peer reviewed)
- Bibliographic citation
-
Applied Economics, 41(10)
- Event
-
Geistige Schöpfung
- (who)
-
Luoma, Arto
Luoto, Jani
- Event
-
Veröffentlichung
- (when)
-
2009
- DOI
- URN
-
urn:nbn:de:0168-ssoar-240491
- Rights
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Last update
-
21.06.2024, 4:26 PM CEST
Data provider
This object is provided by:
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Zeitschriftenartikel
Associated
- Luoma, Arto
- Luoto, Jani
Time of origin
- 2009
Other Objects (12)
Modelling the General Public's Inflation Expectations Using the Michigan Survey Data
Inflation Expectations in the EU
Inflation Perception and the Formation of Inflation Expectations
Inflation perception and the formation of inflation expectations
The Economics of the Phillips Curve: Formation of Inflation Expectations versus Incorporation of Inflation Expectations
The Economics of the Phillips Curve: Formation of Inflation Expectations versus Incorporation of Inflation Expectations
Assessing the Anchoring of Inflation Expectations
The Dynamics of European Inflation Expectations
Assessing the anchoring of inflation expectations
The term structure of inflation expectations
The Dynamics of European Inflation Expectations
The (De-)Anchoring of Inflation Expectations
Modelling the General Public's Inflation Expectations Using the Michigan Survey Data
Inflation Expectations in the EU
Inflation Perception and the Formation of Inflation Expectations
Inflation perception and the formation of inflation expectations
The Economics of the Phillips Curve: Formation of Inflation Expectations versus Incorporation of Inflation Expectations
The Economics of the Phillips Curve: Formation of Inflation Expectations versus Incorporation of Inflation Expectations
Assessing the Anchoring of Inflation Expectations
The Dynamics of European Inflation Expectations
Assessing the anchoring of inflation expectations
The term structure of inflation expectations
The Dynamics of European Inflation Expectations
The (De-)Anchoring of Inflation Expectations
Modelling the General Public's Inflation Expectations Using the Michigan Survey Data
Inflation Expectations in the EU
Inflation Perception and the Formation of Inflation Expectations
Inflation perception and the formation of inflation expectations
The Economics of the Phillips Curve: Formation of Inflation Expectations versus Incorporation of Inflation Expectations
The Economics of the Phillips Curve: Formation of Inflation Expectations versus Incorporation of Inflation Expectations
Assessing the Anchoring of Inflation Expectations
The Dynamics of European Inflation Expectations
Assessing the anchoring of inflation expectations
The term structure of inflation expectations
The Dynamics of European Inflation Expectations