Sticky Information Phillips Curves: European Evidence

We estimate the sticky information Phillips curve model ofMankiw 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:	2006-10
Authors:	Dovern, Jonas ; Doepke, Joerg ; Fritsche, Ulrich ; Slacalek, Jirka
Institutions:	Fachbereich Sozialökonomie, Universität Hamburg
Subject:	Inflation expectations \| sticky information \| Phillips curve \| inflation persistence

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Extent:	application/pdf
Series:	Macroeconomics and Finance Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 200604 11 pages
Classification:	D84 - Expectations; Speculations ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005464591