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Sticky Information Phillips Curves: European Evidence

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  • JÖRG DÖPKE
  • JONAS DOVERN
  • ULRICH FRITSCHE
  • JIRI SLACALEK

Abstract

We estimate the Sticky Information Phillips Curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany, and the United Kingdom are updated about once a year, while in Italy, about once each 6 months. Copyright (c) 2008 The Ohio State University.

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Bibliographic Info

Article provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking.

Volume (Year): 40 (2008)
Issue (Month): 7 (October)
Pages: 1513-1520

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Handle: RePEc:mcb:jmoncb:v:40:y:2008:i:7:p:1513-1520

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  1. Michael T. Kiley, 2005. "A quantitative comparison of sticky-price and sticky-information models of price setting," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
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