Do individuals expect the Phillips curve? Evidence from the European Consumer Expectations Survey

被引：1
|
作者：
Kirpson, Gerda [1 ,2 ]
Staehr, Karsten [1 ,2 ]
机构：
[1] Bank Estonia, Estonia Pst 13, EE-15095 Tallinn, Estonia
[2] Tallinn Univ Technol, EE-12618 Tallinn, Estonia
来源：
ECONOMICS LETTERS | 2024年 / 234卷
关键词：
Expectations; Inflation; Phillips curve; Survey;
D O I：
10.1016/j.econlet.2023.111430
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Are the expectations of individuals in Europe consistent with the Phillips curve? To investigate we run panel estimations on micro data from the European Consumer Expectations Survey. The estimations reveal a relationship between expected inflation and economic slack. This lack of consistency with the Phillips holds even when proxies for supply shocks are included.
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页数：4
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