Volltext herunterladen
(449.7 KB)
Zitationshinweis
Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):
https://nbn-resolving.org/urn:nbn:de:0168-ssoar-240491
Export für Ihre Literaturverwaltung
Modelling the General Public's Inflation Expectations Using the Michigan Survey Data
[Zeitschriftenartikel]
Abstract In this paper we discuss a few models developed to explain the general public's inflation expectations formation and provide some relevant estimation results. Furthermore, we suggest a simple Bayesian learning model which could explain the expectations formation process on the individual level. Whe... mehr
In this paper we discuss a few models developed to explain the general public's inflation expectations formation and provide some relevant estimation results. Furthermore, we suggest a simple Bayesian learning model which could explain the expectations formation process on the individual level. When the model is aggregated to the population level it could explain not only the mean values, but also the variance of the public’s inflation expectations. The estimation results of the mean and variance equations seem to be consistent with the results of the questionnaire studies in which the respondents were asked to report their thoughts and opinions about inflation.... weniger
Sprache Dokument
Englisch
Publikationsjahr
2009
Seitenangabe
S. 1311-1320
Zeitschriftentitel
Applied Economics, 41 (2009) 10
DOI
https://doi.org/10.1080/00036840701604339
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)