Dräger, Lena and Lamla, Michael J (2017) Imperfect Information and Consumer Inflation Expectations: Evidence from Microdata. Oxford Bulletin of Economics and Statistics, 79 (6). pp. 933-968. DOI https://doi.org/10.1111/obes.12189
Dräger, Lena and Lamla, Michael J (2017) Imperfect Information and Consumer Inflation Expectations: Evidence from Microdata. Oxford Bulletin of Economics and Statistics, 79 (6). pp. 933-968. DOI https://doi.org/10.1111/obes.12189
Dräger, Lena and Lamla, Michael J (2017) Imperfect Information and Consumer Inflation Expectations: Evidence from Microdata. Oxford Bulletin of Economics and Statistics, 79 (6). pp. 933-968. DOI https://doi.org/10.1111/obes.12189
Abstract
<jats:title>Abstract</jats:title><jats:p>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.</jats:p>
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Rational Inattention; Updating inflation expectations; Microdata; News |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 24 May 2017 08:46 |
| Last Modified: | 11 Oct 2023 05:03 |
| URI: | http://repository.essex.ac.uk/id/eprint/19714 |
Available files
Filename: Testing_rational_inattention_final.pdf