Working Paper

Sticky Information Phillips Curve: European Evidence

We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in Italy about once each six months.

Authors

Jonas Dovern
Ulrich Fritsche
Jiri Slacalek

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Publication Date
JEL Classification
D84, E31