Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/153364 
Year of Publication: 
2008
Series/Report no.: 
ECB Working Paper No. 930
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
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
Inflation persistence
Phillips curve
sticky information
JEL: 
E62
H20
H50
H62
Document Type: 
Working Paper

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