Whose expectations augment the Phillips curve?
Document Type
Journal Article
Role
Author
Published In
Economics Letters
Volume
136
First Page
35
Last Page
38
Publication Date
2015
Abstract
This letter uses consumer survey data to estimate expectations-augmented Phillips curves with inflation expectations disaggregated by socioeconomic and demographic groups. The inflation expectations of high-income, college-educated, male, and working-age people play a larger role in inflation dynamics than do the expectations of other groups of consumers or of professional forecasters.
Suggested Citation
Binder, Carola. "Whose Expectations Augment the Phillips Curve?" Economics Letters, 136:35-38.
