Doepke, Joerg; Dovern, Jonas; Fritsche, Ulrich; … - In: Topics in Macroeconomics 8 (2008) 1, pp. 1540-1540
We investigate the relevance of Carroll's sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). In contrast to the most rational expectation models, households in the sticky information environment update their...