Inflation Expectations of European Consumers after the Crisis. Do Macro Variables Drive Expectations?
Magdalena Szyszko , Aleksandra Rutkowska
AbstractThis 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.
|Journal series||Eastern European Economics, ISSN 0012-8775, e-ISSN 1557-9298, (N/A 40 pkt)|
|Publication size in sheets||1.15|
|Keywords in Polish||oczekiwania inflacyjne, czynniki kreujące oczekiwania, gospodarki przejściowe|
|Keywords in English||consumer inflation expectations, expectation drivers, transition economies|
|Score||= 40.0, 06-04-2020, ArticleFromJournal|
|Publication indicators||= 0; : 2018 = 0.986; : 2017 = 0.62 (2) - 2017=0.754 (5)|
|Uwagi||Published online: 15 May 2019|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.