Inflation Expectations of European Consumers after the Crisis. Do Macro Variables Drive Expectations?

Magdalena Szyszko , Aleksandra Rutkowska


This article examines the relationship between consumer expectations and macro variables. The research covers five EU member states: Croatia, the Czech Republic, Hungary, Poland, and Romania in the period from 2011 to 2015. Its aim is to find long-run dependence of expectations and financial and real sphere variables in the post-crisis era. No previous studies for this sample and time span exist: this paper contributes to the strand of the literature detecting formation patterns of expectations. VAR/VEC models are estimated in order to trace impulse response to expectations. Five different stories have been found about expectation formation for each economy.
Author Magdalena Szyszko - Wyższa Szkoła Bankowa w Poznaniu
Magdalena Szyszko,,
, Aleksandra Rutkowska (WIiGE / KMS)
Aleksandra Rutkowska,,
- Department of Applied Mathematics
Journal seriesEastern European Economics, ISSN 0012-8775, e-ISSN 1557-9298, (N/A 40 pkt)
Issue year2019
Publication size in sheets1.15
Keywords in Polishoczekiwania inflacyjne, czynniki kreujące oczekiwania, gospodarki przejściowe
Keywords in Englishconsumer inflation expectations, expectation drivers, transition economies
ASJC Classification2002 Economics and Econometrics
Languageen angielski
Score (nominal)40
Score sourcejournalList
ScoreMinisterial score = 40.0, 06-04-2020, ArticleFromJournal
Publication indicators WoS Citations = 0; Scopus SNIP (Source Normalised Impact per Paper): 2018 = 0.986; WoS Impact Factor: 2017 = 0.62 (2) - 2017=0.754 (5)
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UwagiPublished online: 15 May 2019
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