أعرض تسجيلة المادة بشكل مبسط

dc.creator Slacalek, Jirka
dc.creator Fritsche, Ulrich
dc.creator Dovern, Jonas
dc.creator Döpke, Jörg
dc.date 2005
dc.date.accessioned 2013-10-16T07:05:57Z
dc.date.available 2013-10-16T07:05:57Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19622
dc.identifier ppn:500696683
dc.identifier RePEc:zbw:bubdp1:4231
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19622
dc.description This paper investigates the relevance of the sticky information model of Mankiw and Reis (2002) and Carroll (2003) for four major European economies (France, Germany, Italy and the United Kingdom). As opposed to the benchmark rational expectation models, households in the sticky information environment update their expectations sporadically rather than instantaneously owing to the costs of acquiring and processing information. We estimate two alternative parametrizations of the sticky information model which differ in the stationarity assumptions about the underlying series. Using survey data on households? and experts? inflation expectations, we find that the model adequately captures the dynamics of household inflation expectations. Both parametrizations imply comparable speeds of information updating for the European households as was previously found in the US, on average roughly once a year.
dc.language eng
dc.relation Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2005,37
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E31
dc.subject ddc:330
dc.subject Inflation
dc.subject expectations
dc.subject sticky information
dc.subject inflation persistence
dc.subject Inflationserwartung
dc.subject Schätzung
dc.subject Deutschland
dc.subject Frankreich
dc.subject Italien
dc.subject Großbritannien
dc.subject sticky information
dc.title European inflation expectations dynamics
dc.type doc-type:workingPaper
dc.coverage 1989-2003


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أعرض تسجيلة المادة بشكل مبسط