Döpke, Jörg Dovern, Jonas Fritsche, Ulrich Slacalek, Jirka
Year of Publication:
DIW Discussion Papers 615
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 sticky information Phillips curve inflation persistence