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.

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Year of publication:	2008
Authors:	Döpke, Jörg ; Dovern, Jonas ; Fritsche, Ulrich ; Slacalek, Jiri
Publisher:	Frankfurt a. M. : European Central Bank (ECB)
Subject:	Phillips-Kurve \| Inflationserwartung \| Schätzung \| Informationsverbreitung \| Frankreich \| Deutschland \| Großbritannien \| Italien \| inflation expectations \| Inflation persistence \| Phillips curve \| sticky information

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Series:	ECB Working Paper ; 930
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	589050974 [GVK] hdl:10419/153364 [Handle] RePEc:ecb:ecbwps:20080930 [RePEc]
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H20 - Taxation, Subsidies, and Revenue. General ; H50 - National Government Expenditures and Related Policies. General ; H62 - Deficit; Surplus
Source:	EconStor

Persistent link: https://www.econbiz.de/10011604976