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The Euro Changeover and the Factors Influencing Perceived Inflation

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  • Helmut Jungermann
  • Hans Brachinger
  • Julia Belting
  • Katarzyna Grinberg
  • Elisabeth Zacharias

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Suggested Citation

  • Helmut Jungermann & Hans Brachinger & Julia Belting & Katarzyna Grinberg & Elisabeth Zacharias, 2007. "The Euro Changeover and the Factors Influencing Perceived Inflation," Journal of Consumer Policy, Springer, vol. 30(4), pages 405-419, December.
    • Handle: RePEc:kap:jcopol:v:30:y:2007:i:4:p:405-419
    DOI: 10.1007/s10603-007-9051-4
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    References listed on IDEAS

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    1. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    2. Amos Tversky & Daniel Kahneman, 1991. "Loss Aversion in Riskless Choice: A Reference-Dependent Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(4), pages 1039-1061.
    3. Johannes Hoffmann & Hans-Albert Leifer & Andreas Lorenz, 2006. "Index of Perceived Inflation or EU Consumer Surveys?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 41(3), pages 142-150, May.
    4. Bruce G. S. Hardie & Eric J. Johnson & Peter S. Fader, 1993. "Modeling Loss Aversion and Reference Dependence Effects on Brand Choice," Marketing Science, INFORMS, vol. 12(4), pages 378-394.
    5. Brachinger, Hans Wolfgang, 2006. "Euro or “Teuro”?: The Euro-induced Perceived Inflation in Germany," DQE Working Papers 5, Department of Quantitative Economics, University of Freiburg/Fribourg Switzerland.
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    Citations

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    Cited by:

    1. Olivier Armantier & Wändi Bruine de Bruin & Julie S. Downs & Baruch Fischhoff & Giorgio Topa & Wilbert Van der Klaauw, 2010. "The effect of question wording on reported expectations and perceptions of inflation," Staff Reports 443, Federal Reserve Bank of New York.
    2. Bruine de Bruin, Wändi & van der Klaauw, Wilbert & Topa, Giorgio & Downs, Julie S. & Fischhoff, Baruch & Armantier, Olivier, 2012. "The effect of question wording on consumers’ reported inflation expectations," Journal of Economic Psychology, Elsevier, vol. 33(4), pages 749-757.
    3. Bruine de Bruin, Wändi & van der Klaauw, Wilbert & Topa, Giorgio, 2011. "Expectations of inflation: The biasing effect of thoughts about specific prices," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 834-845.
    4. Tommy Gärling & John Thøgersen, 2007. "Effects of the Euro Changeover on Consumer Behaviour: Introduction to the Special Issue," Journal of Consumer Policy, Springer, vol. 30(4), pages 303-311, December.
    5. 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.
    6. Niu, Xiaoxiao & Harvey, Nigel, 2022. "Context effects in inflation surveys: The influence of additional information and prior questions," International Journal of Forecasting, Elsevier, vol. 38(3), pages 988-1004.
    7. Lena Dr䧥r & Jan-Oliver Menz & Ulrich Fritsche, 2014. "Perceived inflation under loss aversion," Applied Economics, Taylor & Francis Journals, vol. 46(3), pages 282-293, January.
    8. Lena Vogel & Jan-Oliver Menz & Ulrich Fritsche, 2009. "Prospect Theory and Inflation Perceptions - An Empirical Assessment," Macroeconomics and Finance Series 200903, University of Hamburg, Department of Socioeconomics.
    9. Ivana Lolic & Petar Soric & Mirjana Cizmesija, 2017. "Disentangling the Relationship between News Media and Consumers' Inflation Sentiment: the Case of Croatia," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 67(3), pages 221-249, June.
    10. Alberto Prati, 2024. "The Well‐Being Cost of Inflation Inequalities," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 70(1), pages 213-238, March.
    11. Christandl, Fabian & Fetchenhauer, Detlef & Hoelzl, Erik, 2011. "Price perception and confirmation bias in the context of a VAT increase," Journal of Economic Psychology, Elsevier, vol. 32(1), pages 131-141, February.
    12. Del Missier, Fabio & Ranyard, Rob & Bonini, Nicolao, 2016. "Perceived inflation: The role of product accessibility and attitudes towards inflation," Journal of Economic Psychology, Elsevier, vol. 56(C), pages 97-106.
    13. Georganas, Sotiris & Healy, Paul J. & Li, Nan, 2014. "Frequency bias in consumers׳ perceptions of inflation: An experimental study," European Economic Review, Elsevier, vol. 67(C), pages 144-158.
    14. Ranyard, Rob & Missier, Fabio Del & Bonini, Nicolao & Duxbury, Darren & Summers, Barbara, 2008. "Perceptions and expectations of price changes and inflation: A review and conceptual framework," Journal of Economic Psychology, Elsevier, vol. 29(4), pages 378-400, August.
    15. Huber, Odilo W., 2011. "Frequency of price increases and perceived inflation. An experimental investigation," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 651-661.
    16. Karen J. Schroeder & Angela Hoffmann & Jens‐Peter Loy, 2016. "The Distribution of Food Retail Prices and the Euro Changeover: Signpost Items Versus Occasional Goods," Agribusiness, John Wiley & Sons, Ltd., vol. 32(1), pages 93-112, January.
    17. Brachinger, Hans Wolfgang, 2008. "A new index of perceived inflation: Assumptions, method, and application to Germany," Journal of Economic Psychology, Elsevier, vol. 29(4), pages 433-457, August.

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    More about this item

    Keywords

    Perceived inflation; Index of perceived inflation (IPI); Loss aversion; Purchase frequency; C43; E31; D81;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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