Inflation Perceptions and Anticipations in the Old Eurozone Member States

Svatopluk Kapounek and Lubor Lacina

Prague Economic Papers, 2011, vol. 2011, issue 2, 120-139

Abstract: There is empirical evidence that the introduction of the euro led to a significant increase of perceived inflation in most countries. Such an increase and persistence in the perceived inflation might then have an impact on inflation expectations and other macroeconomic variables. The authors have used expectational errors to describe the difference between inflation expectations/anticipations and its observed values, subsequently to identify the causality between these variables.

Keywords: monetary integration; perceived and anticipated inflation; adaptive and rational expectations hypothesis; stationarity; ADF test; Granger Non-Causality (search for similar items in EconPapers)
JEL-codes: E31 F15 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://pep.vse.cz/doi/10.18267/j.pep.392.html (text/html)
http://pep.vse.cz/doi/10.18267/j.pep.392.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlpep:v:2011:y:2011:i:2:id:392:p:120-139

Ordering information: This journal article can be ordered from
Editorial office Prague Economic Papers, University of Economics, nám. W. Churchilla 4, 130 67 Praha 3, Czech Republic
http://pep.vse.cz

DOI: 10.18267/j.pep.392

Access Statistics for this article

Prague Economic Papers is currently edited by Klára Pavlová

More articles in Prague Economic Papers from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().