Do individuals expect the Phillips curve? Evidence from the European Consumer Expectations Survey

被引：1
|
作者：
Kirpson, Gerda [1 ,2 ]
Staehr, Karsten [1 ,2 ]
机构：
[1] Bank Estonia, Estonia Pst 13, EE-15095 Tallinn, Estonia
[2] Tallinn Univ Technol, EE-12618 Tallinn, Estonia
来源：
ECONOMICS LETTERS | 2024年 / 234卷
关键词：
Expectations; Inflation; Phillips curve; Survey;
D O I：
10.1016/j.econlet.2023.111430
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Are the expectations of individuals in Europe consistent with the Phillips curve? To investigate we run panel estimations on micro data from the European Consumer Expectations Survey. The estimations reveal a relationship between expected inflation and economic slack. This lack of consistency with the Phillips holds even when proxies for supply shocks are included.
引用
收藏
页数：4
相关论文
共 50 条
  • [11] THE STABILITY OF THE PHILLIPS-CURVE AND THE RELIABILITY OF THE MICHIGAN SURVEY DATA ON INFLATION-EXPECTATIONS
    HVIDDING, JM
    AKRON BUSINESS AND ECONOMIC REVIEW, 1988, 19 (01): : 18 - 29
  • [12] INFLATION EXPECTATIONS OF JAPANESE HOUSEHOLDS: MICRO EVIDENCE FROM A CONSUMER CONFIDENCE SURVEY
    Huri, Masahiro
    Kawagoe, Masaaki
    HITOTSUBASHI JOURNAL OF ECONOMICS, 2013, 54 (01) : 17 - 38
  • [13] Great Expectations: What Do Children Expect From Their Technology?
    Korte, Jessica
    Potter, Leigh Ellen
    Nielsen, Sue
    SIGMIS-CPR'14: PROCEEDINGS OF THE 2014 CONFERENCE ON COMPUTERS AND PEOPLE RESEARCH, 2014, : 105 - 111
  • [14] Do Professional Forecasters Believe in the Phillips Curve? Evidence from the G7 Countries
    Fendel, Ralf
    Lis, Eliza M.
    Ruelke, Jan-Christoph
    JOURNAL OF FORECASTING, 2011, 30 (02) : 268 - 287
  • [15] TRENDS, RANDOM-WALKS, AND THE EXPECTATIONS-AUGMENTED PHILLIPS-CURVE EVIDENCE FROM 6 COUNTRIES
    WASSERFALLEN, W
    JOURNAL OF MONEY CREDIT AND BANKING, 1988, 20 (03) : 306 - 318
  • [16] Competition and regional Phillips curve: Evidence from China
    Du, Shukai
    PLOS ONE, 2024, 19 (05):
  • [17] Breaks in the Phillips Curve: Evidence From Panel Data
    Smith, Simon C.
    Timmermann, Allan
    Wright, Jonathan H.
    JOURNAL OF APPLIED ECONOMETRICS, 2025, 40 (02) : 131 - 148
  • [18] The Slope of the Phillips Curve: Evidence from US States*
    Hazell, Jonathon
    Herreno, Juan
    Nakamura, Emi
    Steinsson, Jon
    QUARTERLY JOURNAL OF ECONOMICS, 2022, 137 (03): : 1299 - 1344
  • [19] TRADE OPENNESS AND THE PHILLIPS CURVE: EVIDENCE FROM ASEAN COUNTRIES
    Furuoka, Fumitaka
    Ling, Pui Kiew
    Chomar, Ma Tin
    Nikitina, Larisa
    SINGAPORE ECONOMIC REVIEW, 2023, 68 (06): : 1891 - 1915
  • [20] Relative price variability and the Phillips Curve: evidence from Turkey
    Catik, A. Nazif
    Martin, Christopher
    Onder, A. Ozlem
    JOURNAL OF ECONOMIC STUDIES, 2011, 38 (05) : 546 - +
12345