Inflation (mis)perceptions in the euro area
Author
Abstract
(This abstract was borrowed from another version of this item.)
Suggested Citation
DOI: 10.1007/s00181-009-0307-5
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- António Rua & Cláudia Duarte & Francisco Craveiro Dias, 2007. "Inflation (mis)perceptions in the euro area," Working Papers w200715, Banco de Portugal, Economics and Research Department.
References listed on IDEAS
- Bart Hobijn & Federico Ravenna & Andrea Tambalotti, 2006.
"Menu Costs at Work: Restaurant Prices and the Introduction of the Euro,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(3), pages 1103-1131.
- Bart Hobijn & Federico Ravenna & Andrea Tambalotti, 2004. "Menu costs at work: restaurant prices and the introduction of the euro," Staff Reports 195, Federal Reserve Bank of New York.
- Bart Hobijn & Andrea Tanbalotti & Federico Ravenna, 2005. "Menu Costs at Work: Restaurant Prices and the Introduction of the Euro," 2005 Meeting Papers 659, Society for Economic Dynamics.
- Lucas, Robert Jr., 1972. "Expectations and the neutrality of money," Journal of Economic Theory, Elsevier, vol. 4(2), pages 103-124, April.
- Jan Marc Berk, 1999. "Measuring inflation expectations: a survey data approach," Applied Economics, Taylor & Francis Journals, vol. 31(11), pages 1467-1480.
- Ciaran Driver & Giovanni Urga, 2004. "Transforming Qualitative Survey Data: Performance Comparisons for the UK," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(1), pages 71-89, February.
- Batchelor, R. A., 1981. "Aggregate expectations under the stable laws," Journal of Econometrics, Elsevier, vol. 16(2), pages 199-210, June.
- Andrews, Donald W.K. & Kim, Jae-Young, 2006. "Tests for Cointegration Breakdown Over a Short Time Period," Journal of Business & Economic Statistics, American Statistical Association, vol. 24, pages 379-394, October.
- King, Robert G. & Rebelo, Sergio T., 1993.
"Low frequency filtering and real business cycles,"
Journal of Economic Dynamics and Control, Elsevier, vol. 17(1-2), pages 207-231.
- King, R.G. & Rebelo, S.T., 1989. "Low Frequency Filtering And Real Business Cycles," RCER Working Papers 205, University of Rochester - Center for Economic Research (RCER).
- Loffler, Gunter, 1999. "Refining the Carlson-Parkin method," Economics Letters, Elsevier, vol. 64(2), pages 167-171, August.
- Paolo Angelini & Francesco Lippi, 2008.
"Did prices really soar after the euro cash changeover? Evidence from ATM withdrawals,"
Springer Books, in: Paolo Giovane & Roberto Sabbatini (ed.), The Euro, Inflation and Consumer’s Perceptions, chapter 4, pages 109-124,
Springer.
- Paolo Angelini & Francesco Lippi, 2007. "Did Prices Really Soar after the Euro Cash Changeover? Evidence from ATM Withdrawals," International Journal of Central Banking, International Journal of Central Banking, vol. 3(4), pages 1-22, December.
- Batchelor, Roy A & Orr, Adrian B, 1988. "Inflation Expectations Revisited," Economica, London School of Economics and Political Science, vol. 55(219), pages 317-331, August.
- Forsells, Magnus & Kenny, Geoff, 2002. "The rationality of consumers' inflation expectations: survey-based evidence for the euro area," Working Paper Series 163, European Central Bank.
- Carlson, John A & Parkin, J Michael, 1975. "Inflation Expectations," Economica, London School of Economics and Political Science, vol. 42(166), pages 123-138, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Bernd Hayo & Florian Neumeier, 2022.
"Households’ inflation perceptions and expectations: survey evidence from New Zealand,"
International Economics and Economic Policy, Springer, vol. 19(1), pages 185-217, February.
- Bernd Hayo & Florian Neumeier, 2018. "Households’ Inflation Perceptions and Expectations: Survey Evidence from New Zealand," MAGKS Papers on Economics 201805, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Bernd Hayo & Florian Neumeier, 2018. "Households’ Inflation Perceptions and Expectations: Survey Evidence from New Zealand," ifo Working Paper Series 255, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Pooja Kapoor & Sujata Kar, 2022. "A Critical Evaluation of the Consumer Confidence Survey from India," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 172-198.
- Tomasz Lyziak, 2010.
"Measuring consumer inflation expectations in Europe and examining their forward-lookingness,"
IFC Bulletins chapters, in: Bank for International Settlements (ed.), The IFC's contribution to the 57th ISI Session, Durban, August 2009, volume 33, pages 155-201,
Bank for International Settlements.
- Lyziak, Tomasz, 2009. "Measuring consumer inflation expectations in Europe and examining their forward-lookingness," MPRA Paper 18890, University Library of Munich, Germany.
- Sarah M. Lein & Thomas Maag, 2011.
"The Formation Of Inflation Perceptions: Some Empirical Facts For European Countries,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(2), pages 155-188, May.
- Sarah M. Lein & Thomas Maag, 2008. "The Formation of Inflation Perceptions - Some Empirical Facts for European Countries," KOF Working papers 08-204, KOF Swiss Economic Institute, ETH Zurich.
- Francisco Dias & Cláudia Duarte & António Rua, 2010.
"Inflation expectations in the euro area: are consumers rational?,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 146(3), pages 591-607, September.
- António Rua & Cláudia Duarte & Francisco Craveiro Dias, 2008. "Inflation expectations in the euro area: Are consumers rational?," Working Papers w200823, Banco de Portugal, Economics and Research Department.
- Ewa Stanisławska, 2019.
"Consumers’ Perception of Inflation in Inflationary and Deflationary Environment,"
Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 15(1), pages 41-71, April.
- Ewa Stanisławska, 2019. "Consumers’ perception of inflation in inflationary and deflationary environment," NBP Working Papers 301, Narodowy Bank Polski.
- Arnold, Ivo J.M. & Soederhuizen, Beau, 2016. "Internal or external devaluation? What does the EC Consumer Survey tell us about macroeconomic adjustment in the Euro area?," Journal of International Money and Finance, Elsevier, vol. 64(C), pages 88-103.
- Tomasz Łyziak, 2013.
"Non-Positive Scaling Factor in Probability Quantification Methods: Deriving Consumer Inflation Perceptions and Expectations in the Whole Euro Area and Ireland,"
Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 55(1), pages 77-98, March.
- Lyziak, Tomasz, 2011. "Non-positive scaling factor in probability quantification methods: deriving consumer inflation perceptions and expectations in the whole euro area and Ireland," MPRA Paper 28900, University Library of Munich, Germany.
- Bonam, Dennis & Goy, Gavin, 2019.
"Home biased expectations and macroeconomic imbalances in a monetary union,"
Journal of Economic Dynamics and Control, Elsevier, vol. 103(C), pages 25-42.
- Dennis Bonam & Gavin Goy, 2017. "Home biased expectations and macroeconomic imbalances in a monetary union," DNB Working Papers 556, Netherlands Central Bank, Research Department.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Francisco Dias & Cláudia Duarte & António Rua, 2010.
"Inflation expectations in the euro area: are consumers rational?,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 146(3), pages 591-607, September.
- António Rua & Cláudia Duarte & Francisco Craveiro Dias, 2008. "Inflation expectations in the euro area: Are consumers rational?," Working Papers w200823, Banco de Portugal, Economics and Research Department.
- Oscar Claveria & Enric Monte & Salvador Torra, 2017. "A new approach for the quantification of qualitative measures of economic expectations," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(6), pages 2685-2706, November.
- Oscar Claveria & Enric Monte & Salvador Torra, 2019. "Empirical modelling of survey-based expectations for the design of economic indicators in five European regions," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(2), pages 205-227, May.
- Pesaran, M. Hashem & Weale, Martin, 2006.
"Survey Expectations,"
Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 1, chapter 14, pages 715-776,
Elsevier.
- M. Hashem Pesaran & Martin Weale, 2005. "Survey Expectations," IEPR Working Papers 05.30, Institute of Economic Policy Research (IEPR).
- Pesaran, M.H. & Weale, M., 2005. "Survey Expectations," Cambridge Working Papers in Economics 0536, Faculty of Economics, University of Cambridge.
- M. Hashem Pesaran & Martin Weale, 2005. "Survey Expectations," CESifo Working Paper Series 1599, CESifo.
- Breitung, Jörg & Schmeling, Maik, 2013.
"Quantifying survey expectations: What’s wrong with the probability approach?,"
International Journal of Forecasting, Elsevier, vol. 29(1), pages 142-154.
- Breitung, Jörg & Schmeling, Maik, 2011. "Quantifying survey expectations: What's wrong with the probability approach?," Hannover Economic Papers (HEP) dp-485, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Christina Strobach & Carin van der Cruijsen, 2015. "The formation of European inflation expectations: One learning rule does not fit all," DNB Working Papers 472, Netherlands Central Bank, Research Department.
- Olivier Biau & Hélène Erkel-Rousse & Nicolas Ferrari, 2006. "Réponses individuelles aux enquêtes de conjoncture et prévision de la production manufacturière," Économie et Statistique, Programme National Persée, vol. 395(1), pages 91-116.
- Oscar Claveria & Enric Monte & Salvador Torra, 2018. "A Data-Driven Approach to Construct Survey-Based Indicators by Means of Evolutionary Algorithms," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 135(1), pages 1-14, January.
- Oscar Claveria & Enric Monte & Salvador Torra, 2017.
"Let the data do the talking: Empirical modelling of survey-based expectations by means of genetic programming,"
IREA Working Papers
201711, University of Barcelona, Research Institute of Applied Economics, revised May 2017.
- Oscar Claveria & Enric Monte & Salvador Torra, 2017. "“Let the data do the talking: Empirical modelling of survey-based expectations by means of genetic programming”," AQR Working Papers 201706, University of Barcelona, Regional Quantitative Analysis Group, revised May 2017.
- Steffen Henzel & Timo Wollmershäuser, 2005. "An Alternative to the Carlson-Parkin Method for the Quantification of Qualitative Inflation Expectations: Evidence from the Ifo World Economic Survey," ifo Working Paper Series 9, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Maurizio Bovi, 2016. "The tale of two expectations," Quality & Quantity: International Journal of Methodology, Springer, vol. 50(6), pages 2677-2705, November.
- Tomasz Lyziak, 2010.
"Measuring consumer inflation expectations in Europe and examining their forward-lookingness,"
IFC Bulletins chapters, in: Bank for International Settlements (ed.), The IFC's contribution to the 57th ISI Session, Durban, August 2009, volume 33, pages 155-201,
Bank for International Settlements.
- Lyziak, Tomasz, 2009. "Measuring consumer inflation expectations in Europe and examining their forward-lookingness," MPRA Paper 18890, University Library of Munich, Germany.
- Ivo J.M. Arnold & Jan J.G. Lemmen, 2008.
"Inflation Expectations and Inflation Uncertainty in the Eurozone: Evidence from Survey Data,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 144(2), pages 325-346, July.
- Ivo J. M. Arnold & Jan J.G. Lemmen, 2006. "Inflation Expectations and Inflation Uncertainty in the Eurozone: Evidence from Survey Data," CESifo Working Paper Series 1667, CESifo.
- Konstantins Benkovskis, 2008. "The Role of Inflation Expectations in the New EU Member States: Consumer Survey Based Results," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 58(07-08), pages 298-317, Oktober.
- Aleksandra Rutkowska & Magdalena Szyszko, 2022. "New DTW Windows Type for Forward- and Backward-Lookingness Examination. Application for Inflation Expectation," Computational Economics, Springer;Society for Computational Economics, vol. 59(2), pages 701-718, February.
- Joanna Mackiewicz‑Łyziak, 2014. "Wpływ długu publicznego na oczekiwania inflacyjne konsumentów w Europie," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 113-132.
- Tomasz Lyziak, 2010. "Measurement of perceived and expected inflation on the basis of consumer survey data," IFC Working Papers 5, Bank for International Settlements.
- Sarah M. Lein & Thomas Maag, 2011.
"The Formation Of Inflation Perceptions: Some Empirical Facts For European Countries,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(2), pages 155-188, May.
- Sarah M. Lein & Thomas Maag, 2008. "The Formation of Inflation Perceptions - Some Empirical Facts for European Countries," KOF Working papers 08-204, KOF Swiss Economic Institute, ETH Zurich.
- Perevyshin, Yury (Перевышин, Юрий) & Rykalin, A.S. (Рыкалин, А.С.), 2018. "Modeling Inflation Expectations in the Russian Economy [Моделирование Инфляционных Ожиданий В Российской Экономике]," Working Papers 031816, Russian Presidential Academy of National Economy and Public Administration.
- Oscar Claveria, 2021. "Forecasting with Business and Consumer Survey Data," Forecasting, MDPI, vol. 3(1), pages 1-22, February.
More about this item
Keywords
Inflation perceptions; Probability method; Balance statistic; Euro area cash changeover; Cointegration breakdown; C16; C42; E31;All these keywords.
JEL classification:
- C16 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Econometric and Statistical Methods; Specific Distributions
- C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:empeco:v:39:y:2010:i:2:p:353-369. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.