Updating inflation expectations: Evidence from micro-data

被引:18
|
作者
Draeger, Lena [1 ]
Lamla, Michael J. [2 ]
机构
[1] Univ Hamburg, Hamburg, Germany
[2] ETH, KOF Swiss Econ Inst, Zurich, Switzerland
关键词
Updating Inflation expectations; Micro-data; Time-varying degree of inattention;
D O I
10.1016/j.econlet.2012.08.033
中图分类号
F [经济];
学科分类号
02 ;
摘要
Utilizing the Michigan Household Consumer survey's rotating panel microstructure we can identify if individuals have adjusted their expectations towards inflation. This allows us to directly capture the updating behavior of individual consumers regarding their short- and long-run inflation expectations. (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码:807 / 810
页数:4
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