The Formation of Inflation Perceptions: Some Empirical Facts for European Countries
The Formation of Inflation Perceptions: Some Empirical Facts for European Countries
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通胀认知的形成:欧洲国家的一些经验事实
DOI:
10.1111/j.1467-9485.2011.00541.x
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发表时间:
2011
期刊:
影响因子:
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通讯作者:
Thomas Maag
中科院分区:
文献类型:
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作者:
Sarah M. Lein;Thomas Maag
This paper investigates how households form their perceptions of consumer price inflation. Using data from the harmonized EU consumer survey, we find that inflation perceptions are inefficient and highly heterogeneous, yet contemporaneously related to the actual rate of inflation. Consequently, we estimate how often households update their beliefs employing Carroll's (2003) epidemiological model. Our results indicate that inflation perceptions are generally less responsive to new information than expectations. Unlike studies on expectations, we cannot confirm that a constant fraction of the population updates information every month. Also, the cross-sectional heterogeneity of perceptions is higher than implied by infrequent updating alone.
DOI:
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发表时间:
1999
期刊:
--
影响因子:
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作者:
P. Pedroni
通讯作者:
P. Pedroni
DOI:
--
发表时间:
2004
期刊:
Journal of Clinical Pathology 57・9
影响因子:
--
作者:
Saito T;Oda Y;Tamiya S;et al.;Nakayama H
通讯作者:
Nakayama H