Heterogeneous responsiveness of consumers’ medium-term inflation expectations

Ewa Stanisławska and Maritta Paloviita

Economics Letters, 2024, vol. 237, issue C

Abstract: Using a large euro area survey, we study the responsiveness of consumers’ medium-term inflation expectations to changes in actual inflation and short-term inflation expectations. We find that high trust in the central bank and high financial literacy lower this responsiveness.

Keywords: Consumer Expectations Survey; Inflation expectations; Financial literacy; Trust; Micro-data (search for similar items in EconPapers)
JEL-codes: D12 D84 E31 E58 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:237:y:2024:i:c:s0165176524001125

DOI: 10.1016/j.econlet.2024.111629

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