Learning dynamics in the formation of European inflation expectations

Christina Bräuning and Carin Cruijsen

Journal of Forecasting, 2019, vol. 38, issue 2, 122-135

Abstract: We investigate learning dynamics in the formation of household inflation expectations in the six largest euro area countries. Our findings reveal heterogeneity in the learning rules that European households use to forecast inflation. We also find pronounced heterogeneity in the way consumers process new data. These differences vary not only across countries but also over time, suggesting that the learning behavior of households is state dependent.

Date: 2019
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https://doi.org/10.1002/for.2553

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Persistent link: https://EconPapers.repec.org/RePEc:wly:jforec:v:38:y:2019:i:2:p:122-135

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