Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/252002 
Year of Publication: 
2021
Series/Report no.: 
CESifo Working Paper No. 9485
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper analyses the determinants of short-term inflation expectations based on surveys of professionals, using dynamic cross-country panel estimation for a large number of 34 OECD economies. We find that food consumer price inflation and depreciations of the domestic exchange rate have significant positive effects on professionals' survey-based inflation expectations. Moreover, core consumer price inflation and the output gap have significant positive effects.
Subjects: 
inflation expectations
inflation
food prices
exchange rates
JEL: 
E52
E58
Document Type: 
Working Paper
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