Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/18464
Autoren: 
Döpke, Jörg
Dovern, Jonas
Fritsche, Ulrich
Slacalek, Jirka
Datum: 
2006
Reihe/Nr.: 
DIW Discussion Papers 571
Zusammenfassung: 
We 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.
Schlagwörter: 
Inflation expectations
sticky information
inflation persistence
JEL: 
E31
D84
Dokumentart: 
Working Paper
Nennungen in sozialen Medien:

7



Datei(en):
Datei
Größe
301.86 kB





Publikationen in EconStor sind urheberrechtlich geschützt.