Household`s Disagreement on Inflation Expectations and Socioeconomic Media Exposure in Germany

Jan-Oliver Menz and Philipp Poppitz

VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order from Verein für Socialpolitik / German Economic Association

Abstract: Inflation expectations are often found to depend on socioeconomic and demographic characteristics of households, such as age, income and education, however, the reasons for this systematic heterogeneity are not yet fully understood. Since accounting for these expectation differentials could help improve the communication strategies of central banks, we test the impact of three sources of the demographic effect on inflation expectations using data for Germany. Overall, our findings suggest that household-specific inflation rates and group-specific news consumption accounts for the higher forecast errors of younger and older households, households with lower income and unemployed survey respondents, while households inflation perceptions only play a minor role.

JEL-codes: C53 D84 E37 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (16)

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Working Paper: Households' disagreement on inflation expectations and socioeconomic media exposure in Germany (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc13:80006

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