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Imperfect information and inflation expectations : evidence from microdata

Dräger, Lena; Lamla, Michael - 2013

We investigate the updating behavior of individual consumers regarding their shortand long-run inflation expectations. Utilizing the University of Michigan Survey of Consumer's rotating panel microstructure, we can identify whether individuals adjust their inflation expectations over a period of...

Persistent link: https://www.econbiz.de/10010425202

Anchoring of consumers' inflation expectations : evidence from microdata

Dräger, Lena; Lamla, Michael - 2013

Persistent link: https://www.econbiz.de/10010425203

Imperfect information and inflation expectations : evidence from microdata ; conference paper

Dräger, Lena; Lamla, Michael - 2013

We investigate the updating behavior of individual consumers regarding their short- and long-run inflation expectations. Utilizing the University of Michigan Survey of Consumer's rotating panel microstructure, we can identify whether individuals adjust their inflation expectations over a period...

Persistent link: https://www.econbiz.de/10010339950

Anchoring of consumers' inflation expectations : evidence from microdata ; conference paper

Dräger, Lena; Lamla, Michael - 2013 - Preliminary and incomplete

the probability of adjusting long- and short-run expectations has remained unaffected. Looking at the current economic …

Persistent link: https://www.econbiz.de/10010340566

Anchoring of consumers' inflation expectations : evidence from microdata

Dräger, Lena; Lamla, Michael - 2013

In this paper we explore the degree of anchoring of consumers' long-run inflation expectations. If expectations are firmly anchored, short- and long-run expectations should show no comovement in response to transitory shocks. Utilizing the University of Michigan Survey of Consumer’s rotating...

Persistent link: https://www.econbiz.de/10009775798

Disagreement à la Taylor: Evidence from Survey Microdata

Dräger, Lena; Lamla, Michael J. - Fachbereich Sozialökonomie, Universität Hamburg - 2015

inflation and on unemployment. This relationship can be motivated by the existence of the Taylor rule. Using micro survey data …There is a growing interest in studying the disagreement of economic agents. Most studies, however, focus on the …

Persistent link: https://www.econbiz.de/10011240544

Are Consumer Expectations Theory-Consistent? The Role of Macroeconomic Determinants and Central Bank Communication

Dräger, Lena; Lamla, Michael J.; Pfajfar, Damjan - Fachbereich Sozialökonomie, Universität Hamburg - 2014

Using the microdata of the Michigan Survey of Consumers, we evaluate whether U.S. consumers form macroeconomic … expectations consistent with different economic concepts, namely the Phillips curve, the Taylor rule and the Income Fisher equation …

Persistent link: https://www.econbiz.de/10010743503

Are Consumer Expectations Theory-Consistent? The Role of Macroeconomic Determinants and Central Bank Communication

Lamla, Michael J.; Dräger, Lena; Pfajfar, Damjan - KOF Swiss Economic Institute, Department of Management, … - 2013

Using the microdata of the Michigan Survey of Consumers, we evaluate whether U.S. consumers form macroeconomic … expectations consistent with different economic concepts. We check whether their expectations are in line with the Phillips Curve …

Persistent link: https://www.econbiz.de/10010706321

Imperfect Information and Inflation Expectations: Evidence from Microdata

Dräger, Lena; Lamla, Michael - Fachbereich Sozialökonomie, Universität Hamburg - 2013

We investigate the updating behavior of individual consumers regarding their shortand long-run inflation expectations. Utilizing the University of Michigan Survey of Consumer’s rotating panel microstructure, we can identify whether individuals adjust their inflation expectations over a period...

Persistent link: https://www.econbiz.de/10010610198

Imperfect Information and Inflation Expectations: Evidence from Microdata

Lamla, Michael J.; Dräger, Lena - KOF Swiss Economic Institute, Department of Management, … - 2013

We investigate the updating behavior of individual consumers regarding their short and long-run inflation expectations. Utilizing the University of Michigan Survey of Consumer’s rotating panel microstructure, we can identify whether individuals adjust their inflation expectations over a period...

Persistent link: https://www.econbiz.de/10010612938