Updating inflation expectations: Evidence from micro-data
Lena Dräger and
Michael Lamla
Economics Letters, 2012, vol. 117, issue 3, 807-810
Abstract:
Utilizing the Michigan Household Consumer survey’s rotating panel microstructure we can identify if individuals have adjusted their expectations towards inflation. This allows us to directly capture the updating behavior of individual consumers regarding their short- and long-run inflation expectations.
Keywords: Updating Inflation expectations; Micro-data; Time-varying degree of inattention (search for similar items in EconPapers)
JEL-codes: D84 E31 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (28)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:3:p:807-810
DOI: 10.1016/j.econlet.2012.08.033
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