Dräger, L and Lamla, MJ (2017) 'Imperfect Information and Consumer Inflation Expectations: Evidence from Microdata.' Oxford Bulletin of Economics and Statistics, 79 (6). 933 - 968. ISSN 0305-9049
|
Text
Testing_rational_inattention_final.pdf - Accepted Version Download (876kB) | Preview |
Abstract
© 2017 The Department of Economics, University of Oxford and John Wiley & Sons Ltd This paper explores which factors trigger an adjustment in consumers’ inflation expectations and looks at the implications regarding forecast errors. We find support for imperfect information models, as inflation volatility and news trigger an adjustment in expectations. Furthermore, we document that individual expectations become more accurate if they have been adjusted.
Item Type: | Article |
---|---|
Subjects: | H Social Sciences > HG Finance |
Divisions: | Faculty of Social Sciences > Essex Business School |
Depositing User: | Jim Jamieson |
Date Deposited: | 24 May 2017 08:46 |
Last Modified: | 11 Nov 2019 22:15 |
URI: | http://repository.essex.ac.uk/id/eprint/19714 |
Actions (login required)
![]() |
View Item |