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:
ERN: Forecasting & Simulation (Prices) (Topic)
影响因子:
--
通讯作者:
Thomas Maag
Thomas Maag
中科院分区:
--
文献类型:
--
作者:
Sarah M. Lein;Thomas Maag

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本文研究了家庭如何形成他们对消费者价格通胀的看法。使用统一的欧盟消费者调查的数据,我们发现,通货膨胀的看法是低效的,高度异质性,但同时与实际通货膨胀率。因此,我们估计多久家庭更新他们的信念采用卡罗尔(2003年)的流行病学模型。我们的研究结果表明,通货膨胀的看法一般是不太响应新的信息比预期。与对期望的研究不同,我们无法确认每月更新信息的人口比例不变。此外,横截面的异质性的看法是高于所暗示的不经常更新。
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: --
发表时间: 1999
期刊: --
影响因子: --
作者:
P. Pedroni
通讯作者: P. Pedroni
的存在
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