Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18508
Year of Publication: 
2006
Series/Report no.: 
DIW Discussion Papers No. 615
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in Italy about once each six months.
Subjects: 
Inflation expectations
sticky information
Phillips curve
inflation persistence
JEL: 
E31
D84
Document Type: 
Working Paper

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