Sticky Information Phillips Curves: European Evidence

We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in Italy about once each six months.

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Year of publication:	2006
Authors:	Döpke, Jörg ; Dovern, Jonas ; Fritsche, Ulrich ; Slacalek, Jirka
Publisher:	Berlin : Deutsches Institut für Wirtschaftsforschung (DIW)
Subject:	Inflation expectations \| sticky information \| Phillips curve \| inflation persistence

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Series:	DIW Discussion Papers ; 615
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	518571793 [GVK] hdl:10419/18508 [Handle] RePEc:diw:diwwpp:dp615 [RePEc]
Classification:	E31 - Price Level; Inflation; Deflation ; D84 - Expectations; Speculations
Source:	EconStor

Persistent link: https://www.econbiz.de/10010260978