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Expectation Formation and Social Influence.
Karpf, Andreas - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014
This article investigate the role of social influence for the expectation formation of economic agents. Using self-organizing Kohonen maps the repeated cross-section data set of the University of Michigan consumer survey is transformed into a pseudo panel allowing to monitor the expectation...
Persistent link: https://www.econbiz.de/10010739860
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Insights on inflation expectations in the Philippines from a household survey
Cacnio, Faith Christian Q.; Basilio, Joselito R. - In: The Philippine review of economics : a joint … 59 (2022) 2, pp. 81-110
Persistent link: https://www.econbiz.de/10014261317
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Oil Prices, Gasoline Prices and Inflation Expectations: A New Model and New Facts
Kilian, Lutz; Zhou, Xiaoqing - 2020
The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …
Persistent link: https://www.econbiz.de/10012269586
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Oil prices, gasoline prices and inflation expectations: A new model and new facts
Kilian, Lutz; Zhou, Xiaoqing - 2020
The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …
Persistent link: https://www.econbiz.de/10012321903
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Oil prices, gasoline prices and inflation expectations : a new model and new facts
Kilian, Lutz; Zhou, Xiaoqing - 2020 - This version: August 11, 2020
Persistent link: https://www.econbiz.de/10012388049
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Oil prices, gasoline prices and inflation expectations : a new model and new facts
Kilian, Lutz; Zhou, Xiaoqing - 2020 - This version: August 11, 2020
The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …
Persistent link: https://www.econbiz.de/10012263320
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Oil prices, gasoline prices and inflation expectations: a new model and new facts
Kilian, Lutz; Zhou, Xiaoqing - 2020 - This version: September 9, 2020
The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …
Persistent link: https://www.econbiz.de/10012317339
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Wealth Effects on Consumption Plans: French Households in the Crisis
Arrondel, L.; Savignac, F.; Tracol, K. - Banque de France - 2011
confirm the role played by changes in expectations on consumption plans, and thus, by the confidence channel as an additional …
Persistent link: https://www.econbiz.de/10009352245
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Social interactions, expectation formation and markets
Karpf, Andreas - 2015
Social interactions are in the core of economic activities. Their treatment in Economies is however often limited to a focus on the market (Manski, 2000). The role social interactions themselves play for the behavior of agents as well as the formation of their attitudes is often neglected. This...
Persistent link: https://www.econbiz.de/10011763798
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The Fisher Relation in the Great Depression and the Great Recession
Laidler, David - 2013
The Fisher relation played a very different role in debates surrounding the Great Depression and the more recent Great Recession. This paper explores some of these differences, and suggests an explanation for them derived from a sketch of the idea's evolution between the two events, thus...
Persistent link: https://www.econbiz.de/10010291897