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Sticky Information Phillips Curves: European Evidence

By JÖRG DÖPKE, JONAS DOVERN, ULRICH FRITSCHE and JIRI SLACALEK

Abstract

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, while in Italy, about once each 6 months. Copyright (c) 2008 The Ohio State University.

DOI identifier: 10.1111/j.1538-4616.2008.00169.x
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