A review of inflation expectations and perceptions research in the past four decades: a bibliometric analysis

Pooja Kapoor () and Sujata Kar
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Pooja Kapoor: IIT Roorkee
Sujata Kar: IIT Roorkee

International Economics and Economic Policy, 2023, vol. 20, issue 2, No 3, 279-302

Abstract: Abstract The present study contributes to our understanding of inflation expectations and perceptions by reviewing studies on this research topic published between 1982 and 2021. This study uses qualitative and quantitative approaches to perform a meta-literature review. In total, 514 articles are analyzed by performing a bibliometric analysis by using HistCite and VOSviewer software. This study highlights some significant aspects of the literature, such as countries, journals, authors, and articles. This study also performs the network mapping analysis through bibliometric co-citation and cartography to determine the major research clusters emerging from the literature. In addition, the content of the most influential 61 cited articles from Web of Science and Scopus is analyzed. We identify five research strands through co-citation and content analysis: (i) the new Keynesian Phillips curve and heterogeneous inflation expectations and perceptions, (ii) surveys and information rigidity, (iii) monetary policy and central banks, (iv) forecasting, and (v) Euro currency changeover. Finally, after a thorough review and analysis, we suggest eight future research questions to extend research on this topic. This is the first bibliometric study that explored the intellectual structure of studies in inflation expectations and perceptions. The present study’s findings are helpful for the central banks and policymakers to aid further their existing understanding of inflation expectations and perceptions and its significance for the effectiveness of the monetary policy and their influence on various macroeconomic aggregates.

Keywords: Inflation expectations; Perceived inflation; Meta-literature review; Bibliometric analysis; Co-citation analysis; D84; E19; E70 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10368-023-00557-w

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