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

Magdalena Szyszko , Aleksandra Rutkowska

Abstract

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
Vol57
No4
Pages271-294
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
DOIDOI:10.1080/00128775.2019.1610896
URL https://www.tandfonline.com/doi/abs/10.1080/00128775.2019.1610896?src=recsys&journalCode=meee20
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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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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