Narrow search
Showing 1 - 10 of 11,000
Cover Image
Inflation expectation dynamics: the role of past present and forward looking information
Hubert, Paul; Harun, Mirza - Department of Economics, Sciences économiques - 2014
Assuming that private agents need to learn inflation dynamics to form their inflation expectations and that they … believe a hybrid New-Keynesian Phillips Curve (NKPC) is the true data generating process of inflation, we aim at establishing … the role of forward-looking information in inflation expectation dynamics. We find that longer term expectations are …
Persistent link: https://www.econbiz.de/10010757392
Cover Image
Inflation expectation dynamics:the role of past, present and forward looking information
Hubert, Paul; Mirza, Harun - Centre de recherche en Économie (OFCE), Sciences … - 2014
Assuming that private agents need to learn inflation dynamics to form their inflation expectations and that they … believe a hybrid New-Keynesian Phillips Curve (NKPC) is the true data generating process of inflation, we aim at establishing … the role of forward-looking information in inflation expectation dynamics. We find that longer term expectations are …
Persistent link: https://www.econbiz.de/10010859391
Cover Image
How have inflation dynamics changed over time? Evidence from the euro area and USA
Oinonen, Sami; Paloviita, Maritta; Vilmi, Lauri - Suomen Pankki - 2013
This paper analyzes euro area and U.S. inflation dynamics since the beginning of the 1990s by estimating New Keynesian … hybrid Phillips curves with time-varying parameters. We measure inflation expectations by subjective forecasts from Consensus … results indicate that in both economic areas the inflation dynamics have steadily become more forward-looking over time. We …
Persistent link: https://www.econbiz.de/10010818992
Cover Image
News on Inflation and the Epidemiology of Inflation Expectations
Pfajfar, Damjan; Santoro, E. - Tilburg University, Center for Economic Research - 2012
Abstract: This paper examines the nexus between news coverage on inflation and households' inflation expectations. In … disconnection between news on inflation, consumers' frequency of expectation updating and the accuracy of their expectations. Our …
Persistent link: https://www.econbiz.de/10011090809
Cover Image
Disagreement Among Forecasters in G7 Countries
Dovern, Jonas; Fritsche, Ulrich; Slacalek, Jiri - In: The Review of Economics and Statistics 94 (2012) 4, pp. 1081-1096
prices: inflation and interest rates. Disagreement about GDP growth intensifies strongly during recessions. Disagreement … suggest that credible monetary policy contributes to anchoring of expectations about inflation and interest rates …
Persistent link: https://www.econbiz.de/10011009937
Cover Image
Fitting survey expectations and uncertainty about trend inflation
Henzel, Steffen R. - In: Journal of Macroeconomics 35 (2013) C, pp. 172-185
Many studies document that the inflation rate is governed by persistent trend shifts and time-varying uncertainty about … trend inflation. As both these quantities are unobserved, a forecaster has to learn about changes in trend inflation by a … inflation and it provides an efficient way to solve the signal extraction problem. I test whether this model provides a good fit …
Persistent link: https://www.econbiz.de/10010617297
Cover Image
Macroeconomic Regimes
Baele, Lieven; et al. - School of Economics and Business Administration, … - 2012
. Key to our estimation strategy is the use of survey-based expectations for inflation and output. Output and inflation …
Persistent link: https://www.econbiz.de/10010587821
Cover Image
Macroeconomic Regimes
BAELE, L.; BEKAERT, G.; CHO, S.; INGHELBRECHT, K.; … - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2013
. Key to our estimation strategy is the use of survey-based expectations for inflation and output. Output and inflation …
Persistent link: https://www.econbiz.de/10011083153
Cover Image
Estimating Information Rigidity using Firms’ Survey Data
Carrera, César - Banco Central de Reserva del Perú - 2012
The slope of the sticky information Phillips curve proposed by Mankiw and Reis (2002) is based on the degree of information rigidity on the part of firms. Carroll (2003) uses an epidemiology model of expectations and finds evidence for the U.S. of a one-year lag in the transmission of...
Persistent link: https://www.econbiz.de/10009416221
Cover Image
Heterogeneity, Asymmetries and Learning in InfIation Expectation Formation: An Empirical Assessment
Pfajfar, Damjan; Santoro, Emiliano - Money Macro and Finance Research Group - 2007
Relying on Michigan Survey' monthly micro data on inflation expectations we try to determine the main features -- in … terms of sources and degree of heterogeneity - of inflation expectation formation over different phases of the business …
Persistent link: https://www.econbiz.de/10004971120