How Heterogeneous Are the Inflation Expectations?
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F25%3A00141651" target="_blank" >RIV/00216224:14560/25:00141651 - isvavai.cz</a>
Výsledek na webu
<a href="https://sciendo.com/article/10.2478/danb-2025-0006" target="_blank" >https://sciendo.com/article/10.2478/danb-2025-0006</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.2478/danb-2025-0006" target="_blank" >10.2478/danb-2025-0006</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
How Heterogeneous Are the Inflation Expectations?
Popis výsledku v původním jazyce
This paper investigates the heterogeneity of inflation expectations among households, firms, and professionals across 14 economies. Using Bayesian model averaging and panel data regressions, we identify key determinants of inflation expectations, assess their stability over time, and evaluate their persistence. Our findings reveal that households and firms rely heavily on past expectations and year-on-year changes in economic variables, whereas professionals are more responsive to monetary policy indicators. The inflation news index emerges as a crucial determinant, especially during high-inflation periods, highlighting the role of media in expectation formation. We find that inflation expectations became more backward-looking during the inflationary period 2022. Additionally, while CPI inflation significantly influences firms and professionals, exchange rates and oil prices appear insignificant.
Název v anglickém jazyce
How Heterogeneous Are the Inflation Expectations?
Popis výsledku anglicky
This paper investigates the heterogeneity of inflation expectations among households, firms, and professionals across 14 economies. Using Bayesian model averaging and panel data regressions, we identify key determinants of inflation expectations, assess their stability over time, and evaluate their persistence. Our findings reveal that households and firms rely heavily on past expectations and year-on-year changes in economic variables, whereas professionals are more responsive to monetary policy indicators. The inflation news index emerges as a crucial determinant, especially during high-inflation periods, highlighting the role of media in expectation formation. We find that inflation expectations became more backward-looking during the inflationary period 2022. Additionally, while CPI inflation significantly influences firms and professionals, exchange rates and oil prices appear insignificant.
Klasifikace
Druh
J<sub>SC</sub> - Článek v periodiku v databázi SCOPUS
CEP obor
—
OECD FORD obor
50200 - Economics and Business
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2025
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Danube
ISSN
1804-6746
e-ISSN
1804-8285
Svazek periodika
16
Číslo periodika v rámci svazku
2
Stát vydavatele periodika
DE - Spolková republika Německo
Počet stran výsledku
38
Strana od-do
88-125
Kód UT WoS článku
—
EID výsledku v databázi Scopus
2-s2.0-105011381410