Arbeitspapier

Sticky information Phillips curves: European evidence

We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in Italy about once each six months.

Language
Englisch

Bibliographic citation
Series: ECB Working Paper ; No. 930

Classification
Wirtschaft
Fiscal Policy
Taxation, Subsidies, and Revenue: General
National Government Expenditures and Related Policies: General
National Deficit; Surplus
Subject
inflation expectations
Inflation persistence
Phillips curve
sticky information
Phillips-Kurve
Inflationserwartung
Schätzung
Informationsverbreitung
Frankreich
Deutschland
Großbritannien
Italien

Event
Geistige Schöpfung
(who)
Döpke, Jörg
Dovern, Jonas
Fritsche, Ulrich
Slacalek, Jiri
Event
Veröffentlichung
(who)
European Central Bank (ECB)
(where)
Frankfurt a. M.
(when)
2008

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Döpke, Jörg
  • Dovern, Jonas
  • Fritsche, Ulrich
  • Slacalek, Jiri
  • European Central Bank (ECB)

Time of origin

  • 2008

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