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dc.contributor.authorDräger, Lenaen_US
dc.date.accessioned2011-03-25en_US
dc.date.accessioned2011-10-06T15:41:28Z-
dc.date.available2011-10-06T15:41:28Z-
dc.date.issued2011en_US
dc.identifier.pidoi:10.3929/ethz-a-006341668en_US
dc.identifier.urihttp://hdl.handle.net/10419/50426-
dc.description.abstractUsing quantitative survey data from the Swedish Consumer Tendency Survey as well as a unique data set on media reports about inflation, we analyze the formation process of inflation perceptions and expectations as well as interrelations between the variables. Throughout the analysis, the role of media reports about inflation is emphasized and results for the low inflation period January 1998 to December 2007 are compared to those including the high inflation year 2008. Rejecting rationality, we find that perceptions, but not expectations, are affected asymmetrically by news, where media effects are generally stronger in times of high and volatile inflation. For the low inflation sample period, inflation expectations are more affected by shocks to perceptions than vice versa, but Granger causality runs from expectations to perceptions. Including more volatile inflation, we find more feed-back between the variables and a strong media effect especially on perceptions.en_US
dc.language.isoengen_US
dc.publisherKOF Zürichen_US
dc.relation.ispartofseriesKOF working papers // KOF Swiss Economic Institute, ETH Zurich 273en_US
dc.subject.jelC32en_US
dc.subject.jelE31en_US
dc.subject.jelE37en_US
dc.subject.ddc330en_US
dc.subject.keywordInflation expectationsen_US
dc.subject.keywordinflation perceptionsen_US
dc.subject.keywordmedia reportsen_US
dc.subject.stwInflationserwartungen_US
dc.subject.stwMedienverhaltenen_US
dc.subject.stwInformationsverbreitungen_US
dc.subject.stwKausalanalyseen_US
dc.subject.stwSchwedenen_US
dc.titleInflation perceptions and expectations in Sweden: Are media reports the missing link?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn654819289en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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