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Sources of dispersion in consumer inflation forecasts

Cross-section dispersion of expected inflation is often explained by differences in information sets across agents, but there is little empirical evidence attesting to that. This paper uses unique survey data from Bulgaria to show that consumers' perceptions of past movements and expectations of future movements in the general price level are influenced by their direct observations of the price dynamics of particular products.
Year of publication:
2003
Authors: Valev, N. T. ; Carlson, J. A.
Published in:
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 10.2003, 2, p. 77-81
Publisher: Taylor & Francis Journals
Extent:
text/html
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10005265337
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