Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80006
Authors: 
Menz, Jan-Oliver
Poppitz, Philipp
Year of Publication: 
2013
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Information Rigidities and Expectation Formation G15-V1
Abstract: 
Inflation expectations are often found to depend on socioeconomic and demographic characteristics of households, such as age, income and education, however, the reasons for this systematic heterogeneity are not yet fully understood. Since accounting for these expectation differentials could help improve the communication strategies of central banks, we test the impact of three sources of the demographic effect on inflation expectations using data for Germany. Overall, our findings suggest that household-specific inflation rates and group-specific news consumption accounts for the higher forecast errors of younger and older households, households with lower income and unemployed survey respondents, while households inflation perceptions only play a minor role.
JEL: 
C53
D84
E37
Document Type: 
Conference Paper

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