Macroeconomic Fundamentals and Attention: What Drives European Consumers' Inflation Expectations?

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F24%3A10253035" target="_blank" >RIV/61989100:27510/24:10253035 - isvavai.cz</a>

Alternative codes found

RIV/62156489:43110/24:43924255

Result on the web

<a href="https://www.sciencedirect.com/science/article/pii/S0939362523000924?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0939362523000924?via%3Dihub</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.ecosys.2023.101153" target="_blank" >10.1016/j.ecosys.2023.101153</a>

Result language

angličtina

Original language name

Macroeconomic Fundamentals and Attention: What Drives European Consumers' Inflation Expectations?

Original language description

Using survey data on consumer inflation expectations in the European Union countries, we investigate the price, macroeconomic, attention, and geopolitical determinants of European consumers&apos; inflation expectations. We employ panel data regression with both fixed and random effects. We conclude that when consumers in the EU form their expectations regarding future inflation, they are determined not only by past inflation and the general macroeconomic situation, but also by selected attention variables expressing their search queries on the Internet (SVI based on Google Trends), and uncertainty concerning economic policy (EPU) steps and measures. Moreover, our baseline specification also suggests that inflation expectations of consumers in the Central and Eastern European countries are higher than those in Euro Area countries. These findings are robust to multiple specifications using individual survey indicators of expected inflation.

Czech name

—

Czech description

—

Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50200 - Economics and Business

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Economic Systems

ISSN

0939-3625

e-ISSN

1878-5433

Volume of the periodical

48

Issue of the periodical within the volume

1

Country of publishing house

NL - THE KINGDOM OF THE NETHERLANDS

Number of pages

19

Pages from-to

101153

UT code for WoS article

001203751300001

EID of the result in the Scopus database

2-s2.0-85178355071