Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18464
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dc.contributor.authorDöpke, Jörgen_US
dc.contributor.authorDovern, Jonasen_US
dc.contributor.authorFritsche, Ulrichen_US
dc.contributor.authorSlacalek, Jirkaen_US
dc.date.accessioned2009-01-28T15:47:19Z-
dc.date.available2009-01-28T15:47:19Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/18464-
dc.description.abstractWe investigate the relevance of the Carroll?s sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). Using survey data on household and expert inflation expectations we argue that the model adequately captures the dynamics of household inflation expectations. We estimate two alternative parametrizations of the sticky information model which differ in the stationarity assumptions about the underlying series. Our baseline stationary estimation suggests that the average frequency of information updating for the European households is roughly once in 18 months. The vector error-correction model implies households update information about once a year.en_US
dc.language.isoengen_US
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen_US
dc.relation.ispartofseries|aDIW-Diskussionspapiere |x571en_US
dc.subject.jelE31en_US
dc.subject.jelD84en_US
dc.subject.ddc330en_US
dc.subject.keywordInflation expectationsen_US
dc.subject.keywordsticky informationen_US
dc.subject.keywordinflation persistenceen_US
dc.titleThe Dynamics of European Inflation Expectationsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn51148318Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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