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- Title
Imperfect Information and Consumer Inflation Expectations: Evidence from Microdata.
- Authors
Dräger, Lena; Lamla, Michael J.
- Abstract
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.
- Subjects
INFLATION forecasting; MARKET volatility; INFORMATION modeling; ECONOMIC policy; ACCURACY
- Publication
Oxford Bulletin of Economics & Statistics, 2017, Vol 79, Issue 6, p933
- ISSN
0305-9049
- Publication type
Academic Journal
- DOI
10.1111/obes.12189