Sticky Information Phillips Curve: European Evidence

Authors

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

Publication Date

JEL Classification

Key Words

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.