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dc.contributor.authorDräger, Lenaen
dc.date.accessioned2011-03-25-
dc.date.accessioned2011-10-06T15:41:28Z-
dc.date.available2011-10-06T15:41:28Z-
dc.date.issued2011-
dc.identifier.pidoi:10.3929/ethz-a-006341668en
dc.identifier.urihttp://hdl.handle.net/10419/50426-
dc.description.abstractUsing quantitative survey data from the Swedish Consumer Tendency Survey as well as a unique data set on media reports about inflation, we analyze the formation process of inflation perceptions and expectations as well as interrelations between the variables. Throughout the analysis, the role of media reports about inflation is emphasized and results for the low inflation period January 1998 to December 2007 are compared to those including the high inflation year 2008. Rejecting rationality, we find that perceptions, but not expectations, are affected asymmetrically by news, where media effects are generally stronger in times of high and volatile inflation. For the low inflation sample period, inflation expectations are more affected by shocks to perceptions than vice versa, but Granger causality runs from expectations to perceptions. Including more volatile inflation, we find more feed-back between the variables and a strong media effect especially on perceptions.en
dc.language.isoengen
dc.publisher|aETH Zurich, KOF Swiss Economic Institute |cZurichen
dc.relation.ispartofseries|aKOF Working Papers |x273en
dc.subject.jelC32en
dc.subject.jelE31en
dc.subject.jelE37en
dc.subject.ddc330en
dc.subject.keywordInflation expectationsen
dc.subject.keywordinflation perceptionsen
dc.subject.keywordmedia reportsen
dc.subject.stwInflationserwartungen
dc.subject.stwMedienverhaltenen
dc.subject.stwInformationsverbreitungen
dc.subject.stwKausalanalyseen
dc.subject.stwSchwedenen
dc.titleInflation perceptions and expectations in Sweden: Are media reports the missing link?-
dc.typeWorking Paperen
dc.identifier.ppn654819289en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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