Heinemann, Friedrich; Ullrich, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
inflation, inflation expectations and forecast errors. The econometric investigation is based on a flexible specification of … expectation formation which allows both for rational and adaptive elements. Data on inflation expectations originate from the ZEW … formation of inflation expectations and that the anti-inflationary credibility of both central banks is not perceived to differ …