Inflation Perceptions and Anticipations in the Old Eurozone Member States
There is empirical evidence that the introduction of the euro led to a significant increase of perceived inflation in most countries. Such an increase and persistence in the perceived inflation might then have an impact on inflation expectations and other macroeconomic variables. The authors have used expectational errors to describe the difference between inflation expectations/anticipations and its observed values, subsequently to identify the causality between these variables.
Volume (Year): 2011 (2011)
Issue (Month): 2 ()
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References listed on IDEAS
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- John A. Carlson & Neven T. Valev, 2002. "A Disinflation Trade-Off: Speed Versus Final Destination," Economic Inquiry, Western Economic Association International, vol. 40(3), pages 450-456, July.
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