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Working Paper

Sticky Information Phillips Curve: European Evidence

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Authors

  • Dovern
  • J.
  • Fritsche
  • U.
  • Slacalek
  • J.
  • Döpke
  • J.

Publication Date

JEL Classification

D84 E31

Key Words

inflation expectations

inflation perstistence

Phillips curve

Phillips-Kurve

sticky information

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.

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