Döpke, Jörg Dovern, Jonas Fritsche, Ulrich Slacalek, Jiri
Year of Publication:
ECB Working Paper No. 930
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.
inflation expectations Inflation persistence Phillips curve sticky information